Use the table below to answer the following questions.
Table 12.4.1
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent, what is the unemployment rate?
A)4 percent
B)5 percent
C)6 percent
D)7 percent
E)9 percent

Question

Use the table below to answer the following questions.
Table 12.4.1 
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent, what is the unemployment rate?
A)4 percent 
B)5 percent 
C)6 percent 
D)7 percent 
E)9 percent

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 12.4.1 
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly rises to 12 percent, what is the unemployment rate?
A)4 percent 
B)5 percent 
C)6 percent 
D)7 percent 
E)9 percent

Use the Table Below to Answer the Following Questions