Multiple Choice
The figure above shows some Phillips curves for an economy.
-Along the short-run Phillips curve SRPC₀ in the figure above,the expected inflation rate is
A) 6 per cent.
B) 3 per cent.
C) 7 per cent.
D) an amount that can be determined from the figure,but none of the above answers is correct.
E) an amount that cannot be determined from the figure.
Correct Answer:
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