For This Question,assume That the Expected Rate of Inflation Is

question 57

Multiple Choice

For this question,assume that the expected rate of inflation is a function of past year's inflation.Also assume that the unemployment rate has greater than the natural rate of unemployment for a number of years.Given this information,we know that

• A)the rate of inflation will approximately be equal to zero.
• B)the rate of inflation should neither increase nor decrease.
• C)the rate of inflation should steadily increase over time.
• D)the rate of inflation should steadily decrease.
• E) the inflation rate will be approximately equal to the natural rate of unemployment.

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