Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1.5 percent, the:
A) level of inflation is unaffected.
B) inflation rate goes from 3 percent to 14 percent.
C) inflation rate goes from 3 percent to 8 percent.
D) inflation rate goes from 8 percent to 14 percent.

Question

Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1.5 percent, the:
A) level of inflation is unaffected. 
B) inflation rate goes from 3 percent to 14 percent. 
C) inflation rate goes from 3 percent to 8 percent. 
D) inflation rate goes from 8 percent to 14 percent.

Quizplus · Accepted Answer

The Answer of Exhibit 17-1 Inflation and unemployment rates

In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1.5 percent, the:
A) level of inflation is unaffected. 
B) inflation rate goes from 3 percent to 14 percent. 
C) inflation rate goes from 3 percent to 8 percent. 
D) inflation rate goes from 8 percent to 14 percent.

Exhibit 17-1 Inflation and Unemployment Rates