Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 3 percent to 9 percent,
A) the level of inflation is unaffected.
B) the inflation rate goes from 8 percent to 14 percent.
C) the inflation rate goes from 8 percent to 3 percent.
D) the inflation rate goes to 0 percent.

Question

Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 3 percent to 9 percent,
A) the level of inflation is unaffected. 
B) the inflation rate goes from 8 percent to 14 percent. 
C) the inflation rate goes from 8 percent to 3 percent. 
D) the inflation rate goes to 0 percent.

Quizplus · Accepted Answer

The Answer of Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 3 percent to 9 percent,
A) the level of inflation is unaffected. 
B) the inflation rate goes from 8 percent to 14 percent. 
C) the inflation rate goes from 8 percent to 3 percent. 
D) the inflation rate goes to 0 percent.

Exhibit 17-1 Inflation and Unemployment Rates