If the Phillips Curve Aids in Forecasting Inflation Then

question 19

Multiple Choice

If the Phillips curve aids in forecasting inflation then

• A) forecast errors from an alternative forecasting procedure should not be correlated with output fluctuations.
• B) there should be no correlation between forecast errors from an alternative forecasting procedure and output fluctuations.
• C) the Phillips curve is upward-sloping.
• D) the Phillips curve is downward-sloping.

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