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Use the Table Below to Answer the Following Questions

question 66

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Use the table below to answer the following questions.
Table 28.4.2
Use the table below to answer the following questions. Table 28.4.2    -The economy's natural unemployment rate is 4 percent. Table 28.4.2 gives some points on the economy's short-run Phillips curve. If the expected inflation rate rises to 8 percent a year, A) the long-run Phillips curve shifts leftward. B) the short-run Phillips curve shifts upward. C) the short-run Phillips curve shifts downward. D) Both A and B are correct. E) Both A and C are correct.
-The economy's natural unemployment rate is 4 percent. Table 28.4.2 gives some points on the economy's short-run Phillips curve. If the expected inflation rate rises to 8 percent a year,


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