Which of the Following Is an Implication of the Modern

question 37

Multiple Choice

Which of the following is an implication of the modern view of the Phillips curve?

• A) Higher rates of inflation always lead to lower rates of unemployment.
• B) Higher rates of inflation always lead to higher rates of unemployment.
• C) If actual inflation exceeds the inflation rate anticipated by decision makers, unemployment will temporarily fall below the natural rate.
• D) If actual inflation exceeds the inflation rate anticipated by decision makers, unemployment will temporarily rise above the natural rate.

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