Exhibit 17-1 Inflation and Unemployment Rates in Exhibit 17-1

question 78

Multiple Choice

Exhibit 17-1 Inflation and unemployment rates In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1 percent, the:

• A)level of inflation is unaffected.
• B)inflation rate goes from 3 percent to 14 percent.
• C)inflation rate goes from 3 percent to 8 percent.
• D)inflation rate goes from 8 percent to 14 percent.

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