Where Does the Short-Run Phillips Curve Intersect the Long-Run Phillips

question 232

Multiple Choice

Where does the short-run Phillips curve intersect the long-run Phillips curve?

• A)at the point where the rate of inflation and the unemployment rate are equal
• B)at the natural rate of inflation
• C)at the point where actual inflation is equal to expected inflation
• D)at the short-run equilibrium inflation rate
• E)There is no intersection between the short-run and long-run Phillips curves.

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