If the Equation for a Country's Phillips Curve Is $\pi$ = 002 - 08(u - 0

question 83

Multiple Choice

If the equation for a country's Phillips curve is $\pi$ = 0.02 - 0.8(u - 0.05) , where $\pi$ is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemployment is 4 percent (0.04) ?

• A) above 2 percent (0.02)
• B) below 2 percent (0.02)
• C) 2 percent (0.02)
• D) -2 percent (-0.02)

---

Definitions:

Performance Measurement

The process of collecting, analyzing, and/or reporting information regarding the performance of an individual, group, organization, system, or component.

Supply Chain Council

An organization that provides insights, frameworks, and best practices for improving supply chain management and operations.

Metric Classification

The process of categorizing metrics based on their attributes or purposes, such as performance metrics, financial metrics, or operational metrics.

Supply Chain Council

An organization focused on improving supply chain efficiency and effectiveness through the development and promotion of best practices and standards.