Modern Phillips Curve Analysis Indicates That If People

question 121

Multiple Choice

Modern Phillips curve analysis indicates that if people

• A) underestimate inflation, actual unemployment will be below the natural rate.
• B) overestimate inflation, actual unemployment will be below the natural rate.
• C) accurately estimate inflation, actual unemployment will be less than the natural rate.
• D) accurately estimate inflation, actual unemployment will be below the natural rate.

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