Multiple Choice
Based on the above table, if the current price level is 100 and the unemployment rate is 4 percent,
Then the
A) inflation rate is 2.8 percent.
B) inflation rate is 108 percent.
C) expected inflation rate is 8 percent.
D) inflation rate is 8 percent.
E) expected inflation rate is 2.8 percent.
Correct Answer:
Verified
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