Refer to the following figure when answering the following questions.
Figure 12.10: Output Gap: 1990-2000 $Refer to the following figure when answering the following questions. Figure 12.10: Output Gap: 1990-2000 -Consider Figure 12.10, which shows the output gap from 1990 to 2000, by quarter. If this is all the information you have, during the period 1997.1-1999.4, from the Phillips curve, you would conclude that: A) inflation is accelerating, \Delta \pi\gt 0. B) inflation is decelerating, \Delta \pi \lt 0. C) unemployment is falling. D) unemployment is rising. E) Not enough information is given.$
-Consider Figure 12.10, which shows the output gap $Refer to the following figure when answering the following questions. Figure 12.10: Output Gap: 1990-2000 -Consider Figure 12.10, which shows the output gap from 1990 to 2000, by quarter. If this is all the information you have, during the period 1997.1-1999.4, from the Phillips curve, you would conclude that: A) inflation is accelerating, \Delta \pi\gt 0. B) inflation is decelerating, \Delta \pi \lt 0. C) unemployment is falling. D) unemployment is rising. E) Not enough information is given.$ from 1990 to 2000, by quarter. If this is all the information you have, during the period 1997.1-1999.4, from the Phillips curve, you would conclude that:
A) inflation is accelerating,

\Delta

\pi

\gt

0.
B) inflation is decelerating,

\Delta

\pi

\lt

0.
C) unemployment is falling.
D) unemployment is rising.
E) Not enough information is given.

Figure 12.16: Output

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