Use the Figure Below to Answer the Following Questions

question 47

Multiple Choice

Use the figure below to answer the following questions.
Figure 12.4.1
-Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.What is the expected inflation rate?

• A)9 percent a year
• B)4 percent a year
• C)7 percent a year
• D)2 percent a year
• E)cannot be determined without more information