If the Level of Unemployment Is Above the Natural Rate

question 58

Multiple Choice

If the level of unemployment is above the natural rate of unemployment,it would be expected that:

• A) the short-run Phillips curve will shift leftward, as inflationary expectations adjust.
• B) the inflation rate will increase.
• C) the short-run Phillips curve will shift rightward, as inflationary expectations adjust.
• D) both b. and c.

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A unique, nine-digit number assigned to U.S. citizens and eligible residents, used for tracking earnings and benefits within the social security system.

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A learning method where items are learned in linked pairs so that when one item of a pair is presented, the other can be recalled.