According to the Phillips Curve Relationship, If Unemployment Is at the Natural

question 13

Multiple Choice

According to the Phillips curve relationship, if unemployment is at the natural rate, then

• A)the rate of inflation is zero
• B)nominal wages will always be equal to real wages
• C)the labor supply will be totally price elastic
• D)prices will always immediately adjust to changes in money supply
• E)none of the above

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