Consider the Phillips curve shown here. In region A:

A)inflation equals expected inflation.
B)inflation rises above expected inflation.
C)there is excess demand.
D)the output gap is negative.

Question

Consider the Phillips curve shown here. In region A:

A)inflation equals expected inflation. 
B)inflation rises above expected inflation. 
C)there is excess demand. 
D)the output gap is negative.

Quizplus · Accepted Answer

The Answer of Consider the Phillips curve shown here. In region A:

A)inflation equals expected inflation. 
B)inflation rises above expected inflation. 
C)there is excess demand. 
D)the output gap is negative.

Consider the Phillips Curve Shown Here