Use the figure below to answer the following questions.
Figure 12.4.1
-Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the current inflation rate is 3 percent a year, what is the current unemployment rate?
A)9 percent
B)6 percent
C)3 percent
D)4 percent
E)cannot be determined without more information

Question

Use the figure below to answer the following questions.
  Figure 12.4.1
-Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the current inflation rate is 3 percent a year, what is the current unemployment rate?
A)9 percent 
B)6 percent 
C)3 percent 
D)4 percent 
E)cannot be determined without more information

Quizplus · Accepted Answer

According to the Phillips curve on the left, with an inflation rate of 3 percent, the corresponding unemployment rate is approximately 6 percent.

Use the Figure Below to Answer the Following Questions