If Inflation Is Greater Than Expected,then the Unemployment Rate Is

question 89

Multiple Choice

If inflation is greater than expected,then the unemployment rate is

• A)above the natural rate.In the long run the short-run Phillips curve will shift right.
• B)above the natural rate.In the long run the short-run Phillips curve will shift left.
• C)below the natural rate.In the long run the short-run Phillips curve will shift right.
• D)below the natural rate.In the long run the short-run Phillips curve will shift left.

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Definitions:

Ramses II

An Egyptian Pharaoh of the Nineteenth Dynasty, known for his extensive building programs and for the Battle of Kadesh.

Abu Simbel

An ancient temple complex in southern Egypt, built by Pharaoh Ramesses II, notable for its massive rock-cut sculptures.

Temple

A building devoted to the worship, or regarded as the dwelling place, of a god or gods or other objects of religious reverence.

Demotic

Late Egyptian writing.