If Reservation Wages and the Inflation Rate Increased Simultaneously

question 99

Multiple Choice

If reservation wages and the inflation rate increased simultaneously,

• A) the expected rate of inflation would be less than the actual rate.
• B) lower inflation would be associated with the original unemployment rate.
• C) the unemployment rate would fall.
• D) there would be no tradeoff between inflation and the unemployment rate.
• E) the unemployment rate would rise.

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