When Inflation Has Been Persistent,as Was the Case in the United

question 24

Multiple Choice

When inflation has been persistent,as was the case in the United States during the 1970s,low unemployment rates will likely be associated with

• A)low natural rates of unemployment.
• B)high natural rates of unemployment.
• C)low but stable rates of inflation.
• D)high but stable rates of inflation.
• E) increases in the inflation rate.