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Use the Table Below to Answer the Following Questions

question 56

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Use the table below to answer the following questions.
Table 28.2.1
Use the table below to answer the following questions. Table 28.2.1    -Refer to Table 28.2.1.The table gives points on the short-run Phillips curve for the country of Ruritania.If the expected inflation rate is 10 percent,and the inflation rate unexpectedly rises to 12 percent and stays there for some period of time,the expected inflation rate becomes ________ percent and the natural unemployment rate is ________ percent. A) 12;4 B) 10;4 C) 10;6 D) 12;6 E) 12;5
-Refer to Table 28.2.1.The table gives points on the short-run Phillips curve for the country of Ruritania.If the expected inflation rate is 10 percent,and the inflation rate unexpectedly rises to 12 percent and stays there for some period of time,the expected inflation rate becomes ________ percent and the natural unemployment rate is ________ percent.


Definitions:

Critical Period

A specific time during development when a particular event has its greatest consequences and the presence of certain kinds of environmental stimuli is necessary for development to proceed normally.

Innate Tendency

An natural or instinctual inclination or propensity in living organisms towards certain behaviors, reactions or developments.

Goslings

Young geese that have not yet reached maturity.

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