The Figure Above Shows Some Phillips Curves for an Economy

question 60

Multiple Choice

The figure above shows some Phillips curves for an economy.
-Along the short-run Phillips curve SRPC2 in the figure above,the natural unemployment rate is

• A)6 per cent.
• B)4 per cent.
• C)3 per cent.
• D)8 per cent.
• E)an amount that can be determined from the figure but none of the above answers is correct.

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Definitions:

Circle Invalid Data

A feature in data analysis and spreadsheet applications that visually marks data points that do not meet predefined validation criteria.

COUNTIF Function

An Excel function that counts the number of cells in a range that meet a single criterion; for example, counting the number of times a particular city appears in a list of cities.

Blank Cells

Empty spaces without data in a spreadsheet or table, often awaiting input or indicating the absence of applicable information.

SUMIF Function

A function in spreadsheet software that calculates the sum of a range of cells that meet a specified criterion.