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    Exam 11: Aggregate Supply and the Phillips Curve
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    Based on the Data in This Table, If the Natural
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Based on the Data in This Table, If the Natural

Question 24

Question 24

Multiple Choice

Based on the data in this table, Based on the data in this table,   If the natural rate of unemployment is steady at 8 percent,what is the inflation rate in period 3? A) 8.5 percent B) 7.5 percent C) 5.5 percent D) 6.3 percent E) none of the above If the natural rate of unemployment is steady at 8 percent,what is the inflation rate in period 3?


A) 8.5 percent
B) 7.5 percent
C) 5.5 percent
D) 6.3 percent
E) none of the above

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