Use the Modern Expectational Phillips Curve Diagram Below to Answer

question 85

Multiple Choice

Use the Modern Expectational Phillips curve diagram below to answer the following question(s) .
Figure 15-4

-Refer to Figure 15-4.According to the modern expectational Phillips curve,actual unemployment will generally fall below the natural rate of unemployment if

• A)inflation falls to zero.
• B)inflation exceeds what was anticipated by decision makers.
• C)inflation is less than anticipated by decision makers.
• D)people fully anticipate the inflationary side effects of expansionary macroeconomic policies.

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