Refer to the following figure when answering the following questions.
Figure 12.10: Output Gap: 1990-2000
-Consider Figure 12.10, which shows the output gap from 1990 to 2000, by quarter. If this is all the information you have, during the period 1993.1-1993.4, from the Phillips curve, you would conclude that:
A) inflation is decelerating, $\Delta$ $\pi$$\lt$ 0.
B) inflation is accelerating, $\Delta$ $\pi$$\gt$0.
C) unemployment is falling.
D) unemployment is rising.
E) Not enough information is given.

Question

Refer to the following figure when answering the following questions.
Figure 12.10: Output Gap: 1990-2000  
-Consider Figure 12.10, which shows the output gap  from 1990 to 2000, by quarter. If this is all the information you have, during the period 1993.1-1993.4, from the Phillips curve, you would conclude that:
A) inflation is decelerating, $\Delta$ $\pi$$\lt$ 0. 
B) inflation is accelerating, $\Delta$ $\pi$$\gt$0. 
C) unemployment is falling. 
D) unemployment is rising. 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering the following questions.
Figure 12.10: Output Gap: 1990-2000  
-Consider Figure 12.10, which shows the output gap  from 1990 to 2000, by quarter. If this is all the information you have, during the period 1993.1-1993.4, from the Phillips curve, you would conclude that:
A) inflation is decelerating, $\Delta$ $\pi$$\lt$ 0. 
B) inflation is accelerating, $\Delta$ $\pi$$\gt$0. 
C) unemployment is falling. 
D) unemployment is rising. 
E) Not enough information is given.

Refer to the Following Figure When Answering the Following Questions Δ\DeltaΔ

Refer to the Following Figure When Answering the Following Questions $\Delta$