Multiple Choice
The "long-run Phillips Curve" is the set of points for which
A) expected inflation is zero.
B) expected inflation is equal to actual inflation.
C) actual inflation is zero.
D) actual inflation is equal to expected inflation plus the growth rate of nominal wages.
E) actual inflation is equal to expected inflation minus the growth rate of nominal wages.
Correct Answer:
Verified
Correct Answer:
Verified
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