The figure above shows some Phillips curves for an economy.
-Along the short-run Phillips curve SRPC2 in the figure above,the natural unemployment rate is
A) 6 per cent.
B) 4 per cent.
C) 3 per cent.
D) 8 per cent.
E) an amount that can be determined from the figure but none of the above answers is correct.
Correct Answer:
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A)rate that