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:

William Penn

William Penn was an English Quaker leader and advocate of religious freedom who founded the Province of Pennsylvania, the British North American colony that became the U.S. state of Pennsylvania.

Delaware Indians

A Native American tribe, also known as the Lenape, originally from the Delaware River area, who played significant roles in early American history.

Philadelphia

A city in Pennsylvania, significant for its historical role in the founding of the United States.

Dominion of New England

A short-lived administrative union of English colonies in the New England region of North America from 1686 to 1689, imposed by the British government to tighten control.