Given the Accelerationist Phillips Curve Δπ = - 0

question 62

Multiple Choice

Given the accelerationist Phillips curve Δπ = - 0.7 (U - 5) + ρ,suppose that inflation has increased from 8 percent to 10 percent.If the unemployment rate is 4 percent,then the price shock is ________.

• A)2.7 percent
• B)0.6 percent
• C)1.3 percent
• D)1 percent
• E)none of the above

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