Suppose the Phillips Curve Is Represented by Nt - Nt-

question 62

Multiple Choice

Suppose the Phillips curve is represented by nt - nt- 1 = 20 - 2ut. Given this information, we know that the natural rate of unemployment in this economy is:

• A) 12%.
• B) 8%.
• C) 10%.
• D) 4%.
• E) 6%.

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