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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