Use the table below to answer the following questions.
Table 12.4.1
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent and stays there for some period of time, the expected inflation rate becomes _______ percent a year and the natural unemployment rate is _______ percent.
A)10; 6
B)10; 4
C)12; 4
D)12; 5
E)12; 6

Question

Use the table below to answer the following questions.
Table 12.4.1 
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent and stays there for some period of time, the expected inflation rate becomes _______ percent a year and the natural unemployment rate is _______ percent.
A)10; 6 
B)10; 4 
C)12; 4 
D)12; 5 
E)12; 6

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 12.4.1 
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent and stays there for some period of time, the expected inflation rate becomes _______ percent a year and the natural unemployment rate is _______ percent.
A)10; 6 
B)10; 4 
C)12; 4 
D)12; 5 
E)12; 6

Use the Table Below to Answer the Following Questions