If Actual Inflation Is Less Than Expected Inflation,which of the Following

question 148

Multiple Choice

If actual inflation is less than expected inflation,which of the following will be true?

• A)Real wages will rise.
• B)Real wages will fall.
• C)The Phillips curve will be a vertical line.
• D)The unemployment rate will fall.

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Definitions:

HOUR Function

A function in many programming and spreadsheet environments that extracts the hour from a given time value, typically returning it as a number between 0 and 23.

DAY Function

A function in spreadsheet software that extracts the day part from a date value, returning it as a numeric value.

DATE Function

A formula in spreadsheet software that generates a date value from individual year, month, and day components.

YEAR Function

A computing or spreadsheet function that extracts the year part from a date representation.