Given the Accelerationist Phillips Curve Δπ = - 0

question 79

Multiple Choice

Given the accelerationist Phillips curve Δπ = - 0.3 (U - 6) + ρ,suppose that inflation in the preceding period was 3 percent,unemployment is 6 percent,and there is a price shock of 2 percent.The current inflation rate is ________.

• A)3 percent
• B)0.2 percent
• C)5 percent
• D)1 percent
• E)none of the above

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Definitions:

Lineages

Social groups or entities comprised of individuals who trace their ancestry to a common ancestor in a direct line, often playing significant roles in societies' organization.

Ancestor

A person from whom one is descended, often referred to in a familial or cultural context, and sometimes revered.

Patrilineal Descent

Descent traced exclusively through the male line of ancestry to establish group membership.

Descent Group

A social group whose members talk about common ancestry through a line of descent that could be maternal, paternal, or both.