At full employment, the expected inflation rate is_{--------------------} A)equal to the inflation rate B)unknown C)lower than the inflation rate D)higher than the inflation rate E)unrelated to the inflation rate

Question

Quizplus · Accepted Answer

At full employment, the expected inflation rate is typically equal to the actual inflation rate, as the economy is operating at its potential output without cyclical unemployment.

At Full Employment, the Expected Inflation Rate Is--------------------

At Full Employment, the Expected Inflation Rate Is_{--------------------}