________ is (are)the endogenous variable(s)in the Phillips curve.
A)Expected inflation
B)Inflation
C)The natural rate of unemployment
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Inflation is the only endogenous variable in the Phillips curve. The natural rate of unemployment and expected inflation are exogenous variables that affect the position of the Phillips curve but are not considered endogenous.

________ Is (Are)the Endogenous Variable(s)in the Phillips Curve