If Both the Unemployment Rate and the Inflation Rate Decrease

question 419

Multiple Choice

If both the unemployment rate and the inflation rate decrease, you predict that _ .

• A) the natural unemployment rate has decreased
• B) the expected inflation rate has increased
• C) the natural unemployment rate has increased
• D) the economy has moved along its short- run Phillips curve

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Definitions:

Public Service Announcement

A message broadcast on television, radio, or public spaces to inform or educate the public about an issue of public interest.

Scatterplot

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The average number of telephone calls made or received by a person or organization within a single day.

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The mathematical operation of multiplying a number by itself, resulting in a square power.