Refer to Figure 12.2. Suppose the economy is initially above potential GDP, and the actual inflation rate is greater than the expected inflation rate
If the Fed wants to achieve the goal of price stability, this would be represented by a movement on the Phillips curve from A) point A to point B.
B) point C to point B.
C) point B to point A.
D) point A to point B to point C.
A
Economics
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In economics, another term for seigniorage is:
A) inflation tax. B) royalty. C) high inflation. D) government borrowing.
Economics
Using a production possibilities frontier, economic growth is illustrated by a
A) point inside the curve. B) point on the curve. C) movement from one point on the curve to another point on the curve. D) rightward shift of the curve.
Economics