The figure below reflects the inverse relationship between the inflation rate and the unemployment rate.If the economy is initially at point c and aggregate demand increases,the economy will in the long run:

A)move toward point a
B)move toward point b
C)stay at point c
D)move toward point d
E)move toward point f

Question

The figure below reflects the inverse relationship between the inflation rate and the unemployment rate.If the economy is initially at point c and aggregate demand increases,the economy will in the long run:

A)move toward point a 
B)move toward point b 
C)stay at point c 
D)move toward point d 
E)move toward point f

Quizplus · Accepted Answer

The Answer of The figure below reflects the inverse relationship between the inflation rate and the unemployment rate.If the economy is initially at point c and aggregate demand increases,the economy will in the long run:

A)move toward point a 
B)move toward point b 
C)stay at point c 
D)move toward point d 
E)move toward point f

The Figure Below Reflects the Inverse Relationship Between the Inflation