Based on the data in this table,
If the natural rate of unemployment is steady at 7 percent,and,in period four,there is no price shock and unemployment is 8 percent,then the inflation rate in period 4 will be ________ percent.
A) 4.4
B) 3.6
C) 3.4
D) 1.6
E) none of the above
Correct Answer:
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Q18: Milton Friedman and Edmund Phelps contributed which
Q19: Milton Friedman and Edmund Phelps contributed which
Q20: The idea behind the Phillips curve is
Q21: On the modern Phillips curve,the initial impact
Q22: According to the accelerationist Phillips curve,_.
A)expectations adjust
Q24: If expectations about inflation are adaptive,they are
Q25: If expectations about inflation are adaptive,they are
Q26: _ will cause a movement along the
Q27: As wages and prices become more sticky
Q28: Given the accelerationist Phillips curve Δπ =
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