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Author Question: Refer to Figure 17-2. Suppose the economy is at pointCin the figure above. If workers ... (Read 74 times)

piesebel

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on: Mar 16, 2019

Question 1

Figure 17-2










Refer to Figure 17-2.  Suppose the economy is at point A in the figure above. Which of the following is true?


◦ The expected rate of inflation is 5.5%.
◦ The current unemployment rate is equal to the natural rate of unemployment.
◦ The current unemployment rate is 3.8%.
◦ Actual inflation is 1%.
◦ The economy will move from A to B.

Question 2

Figure 17-2










Refer to Figure 17-2.  Suppose the economy is at point C in the figure above. If workers adjust their expectations of inflation, which of the following will be true?


◦ The short-run Phillips curve will shift to the right.
◦ The short-run Phillips curve will shift to the left.
◦ The economy will move from C to A.
◦ Workers and firms expect inflation to be 1%.
◦ The natural rate of unemployment is 6%.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by piesebel on Mar 16, 2019

makaylafy

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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piesebel

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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