Consider the Phillips curve shown here. In region B:

A)there is insufficient demand.
B)inflation falls below expected inflation.
C)the output gap is positive.
D)the output gap is negative.

Question

Consider the Phillips curve shown here. In region B:

A)there is insufficient demand. 
B)inflation falls below expected inflation. 
C)the output gap is positive. 
D)the output gap is negative.

Quizplus · Accepted Answer

The Answer of Consider the Phillips curve shown here. In region B:

A)there is insufficient demand. 
B)inflation falls below expected inflation. 
C)the output gap is positive. 
D)the output gap is negative.

Consider the Phillips Curve Shown Here