At the point where actual inflation is equal to expected inflation
A) the unemployment rate is zero.
B) there is no short-run Phillips curve, as this situation only occurs in the long run.
C) the short-run Phillips curve intersects the long-run Phillips curve.
D) the short-run Phillips curve is the same as the long-run Phillips curve.
C
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If a company pays a dividend of $2 to be received one year from now, dividends are expected to grow at a rate of 3 percent per year for the indefinite future, and the interest rate is 4 percent,
the price of the company's stock should be ________ per share. A) $3.40 B) $28.57 C) $200.00 D) $340.00
Under the current managed float exchange rate regime, countries with balance of payments ________ frequently do not want to see their currencies ________ because it makes foreign goods more expensive for domestic consumers and can stimulate inflation
. A) surpluses; depreciate B) deficits; depreciate C) surpluses; appreciate D) deficits; appreciate