According to the Friedman-Lucas Money Surprise Model,a Stable Phillips Curve

question 29

Multiple Choice

According to the Friedman-Lucas money surprise model,a stable Phillips curve relationship is most likely in periods of

• A) relatively low variations in real output from trend.
• B) relatively constant expected inflation.
• C) relatively stagnant periods of economic growth.
• D) accelerating inflation.
• E) relatively low variations in the unemployment rate.

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