-An Economy's Natural Unemployment Rate Is 4 Percent

-An economy's natural unemployment rate is 4 percent. The table above gives some points on the economy's short- run Phillips curve. When the unemployment rate is 4 percent .

A) actual inflation is greater than expected inflation
B) and the expected inflation rate is 8 percent a year, the short- run Phillips curve shifts downward
C) and the inflation rate is 6 percent a year, the short- run and long- run Phillips curves intersect
D) actual inflation is less than expected inflation