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 falls to 8 percent, what is the unemployment rate?
A)4 percent
B)5 percent
C)6 percent
D)7 percent
E)8 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 falls to 8 percent, what is the unemployment rate?
A)4 percent 
B)5 percent 
C)6 percent 
D)7 percent 
E)8 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 falls to 8 percent, what is the unemployment rate?
A)4 percent 
B)5 percent 
C)6 percent 
D)7 percent 
E)8 percent

Use the Table Below to Answer the Following Questions