The short-run Phillips curve shows the relationship between the
A) natural rate of unemployment and the expected inflation rate.
B) natural rate of unemployment and the actual unemployment rate.
C) natural rate of unemployment and the actual inflation rate.
D) inflation rate and the unemployment rate.
E) actual inflation rate and the expected inflation rate.
Correct Answer:
Verified
Q91: A rational expectation of the inflation rate
Q92: If the economy is on its short-run
Q93: The long-run Phillips curve is a
A)horizontal line
Q94: Q95: If the Fed tries to lower the Q97: Moving upward along the aggregate supply curve, Q98: When the natural unemployment rate increases, Q99: The long-run Phillips curve represents the relationship
A)the long-run
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