If the Expected Inflation Rate Is Equal to the Actual

question 14

Multiple Choice

If the expected inflation rate is equal to the actual inflation rate

• A)the unemployment rate should be equal to the natural level of unemployment.
• B)the unemployment rate should be greater than the natural level of unemployment.
• C)the unemployment rate should be less than the natural level of unemployment.
• D)the Phillips curve will be unstable.

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Definitions:

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