If Inflation Is Greater Than Expected,then the Unemployment Rate Is

question 89

Multiple Choice

If inflation is greater than expected,then the unemployment rate is

• A)above the natural rate.In the long run the short-run Phillips curve will shift right.
• B)above the natural rate.In the long run the short-run Phillips curve will shift left.
• C)below the natural rate.In the long run the short-run Phillips curve will shift right.
• D)below the natural rate.In the long run the short-run Phillips curve will shift left.

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Definitions:

Data Pattern

The recognizable way that data may be organized or follow a specific arrangement, suggesting trends or relationships.

Cyclical Variation Component

A pattern in time series data that occurs at regular intervals due to cyclic factors, like seasons or economic cycles.

Time Series

A sequence of data points typically measured and recorded at uniform time intervals.

Intensity

The quality of being intense; often used to describe the strength or magnitude of a variable or phenomenon.