According to the modern expectational Phillips curve, unemployment will equal the natural rate of unemployment when
a. any inflation is present.
b. inflation turns out to be lower than what people expected.
c. inflation turns out to be higher than what people expected.
d. inflation turns out to be equal to what people expected.
D
Economics
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The higher the level of inflation, the stronger the impact of reductions in the personal income tax on real GDP
a. True b. False Indicate whether the statement is true or false
Economics
Holding a currency to the gold standard works:
A. to the advantage of savers at the expense of borrowers. B. to the advantage of borrowers at the expense of savers. C. for no one, and hurts both savers and borrowers from access to money. D. for everyone, benefiting both savers and borrowers.
Economics