Use the following to answer questions
Figure: Understanding Phillips Curves 
-(Figure: Understanding Phillips Curves) What is the expected inflation rate associated with Phillips curve PCb?
A) zero
B) 3%
C) 4%
D) 5%
Correct Answer:
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Q30: One implication of the long-run Phillips curve
Q33: The Phillips curve tradeoff worsened in the
Q48: When inflationary expectations are added to the
Q61: If inflationary expectations fall
A) there is a
Q63: Use the following to answer questions
Figure:
Q69: In the augmented model of the Phillips
Q70: Use the following to answer questions
Figure:
Q83: The shift outward in the Phillips curve
Q165: The long-run Phillips curve is the counterpart
Q180: The long-run Phillips curve shows
A) a tradeoff
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