If the Natural Rate of Unemployment _____, the Nonaccelerating Inflation

question 129

Multiple Choice

If the natural rate of unemployment _____, the nonaccelerating inflation rate of unemployment _____, and the long-run Phillips curve shifts to the left.

• A) falls; falls
• B) rises; rises
• C) falls; rises
• D) rises; falls

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Definitions:

Mode

The value that appears most frequently in a data set.

Deviations

Differences between observed values and the average or expected values in a data set.

Coefficient Of Variation

A measure of relative variability computed by dividing the standard deviation by the mean and multiplying by 100.

Variance

A statistical measure of the dispersion of a set of data points, calculated as the average of the squared differences from the mean.