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Author Question: Refer to Figure 17-4.Consider the shift in the short-run Phillips curves shown in the ... (Read 91 times)

mikaylakyoung

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Figure 17-4









Refer to Figure 17-4. Consider the shift in the short-run Phillips curves shown in the above graph. This shift may be explained by


◦ an increase in the natural rate of unemployment from 5.0 to 6.2 percent.
◦ an increase in the expected rate of inflation from 4.0 to 5.5 percent.
◦ either an increase in the natural rate of unemployment from 5.0 to 6.2 percent or an increase in the expected rate of inflation from 4.0 to 5.5 percent.
◦ None of these is correct.


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Marked as best answer by mikaylakyoung on Mar 16, 2019

cassie_ragen

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cassie_ragen

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