-Consider Figure 12.9,which shows short-run output fluctuations
From 1990.1 to 2000.4,by quarter.If this is all the information you have,during the period 1997.1-1999.4,from the Phillips curve,you would conclude that:
A)inflation is accelerating, .
B)inflation is decelerating, .
C)unemployment is falling.
D)unemployment is rising.
E)Not enough information is given.

Question

-Consider Figure 12.9,which shows short-run output fluctuations 
From 1990.1 to 2000.4,by quarter.If this is all the information you have,during the period 1997.1-1999.4,from the Phillips curve,you would conclude that:
A)inflation is accelerating, . 
B)inflation is decelerating, . 
C)unemployment is falling. 
D)unemployment is rising. 
E)Not enough information is given.

Quizplus · Accepted Answer

The Answer of 
-Consider Figure 12.9,which shows short-run output fluctuations 
From 1990.1 to 2000.4,by quarter.If this is all the information you have,during the period 1997.1-1999.4,from the Phillips curve,you would conclude that:
A)inflation is accelerating, . 
B)inflation is decelerating, . 
C)unemployment is falling. 
D)unemployment is rising. 
E)Not enough information is given.

-Consider Figure 12.9,which Shows Short-Run Output Fluctuations