Use the Figure Below to Answer the Following Questions

question 53

Multiple Choice

Use the figure below to answer the following questions.

Figure 28.2.2
-Refer to Figure 28.2.2.The figure illustrates an economy's Phillips curves.If the current inflation rate is 4 percent,what is the current unemployment rate?

• A)9 percent
• B)6 percent
• C)4 percent
• D)3 percent
• E)cannot be determined without more information

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Definitions:

Bonuses

Additional compensation given to employees as a reward for good performance, usually based on individual or company achievements.

Ordinary Annuities

A series of equal payments made at equal intervals, such as monthly or annually.

Annuities Due

An annuity for which the payment is due at the beginning of the period, as opposed to the end of the period.

Present Value

The now value of a future financial amount or series of cash flows, discounted at a particular rate of return.