The Figure Above Shows Some Phillips Curves for an Economy

question 67

Multiple Choice

The figure above shows some Phillips curves for an economy.
-Along the short-run Phillips curve SRPC₀ in the figure above, the expected inflation rate is

• A) 6 per cent.
• B) 3 per cent.
• C) 7 per cent.
• D) an amount that can be determined from the figure, but none of the above answers is correct.
• E) an amount that cannot be determined from the figure.

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