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Suppose the Phillips Curve Is Represented by the Following Equation

Question 30

Multiple Choice

Suppose the Phillips curve is represented by the following equation: πt - πt₋₁ = 20 - 2ut.Given this information,we know that the natural rate of unemployment in this economy is


A) 10%.
B) 20%.
C) 6) 5%.
D) 5%.
E) none of the above

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