Refer to Table 17.1. The unemployment rate for this simple ...

[colton]

Refer to Table 17.1. The unemployment rate for this simple economy is
 
  A) 6.
  B) 10.
  C) 20.
  D) 25.

Question 2

Along a short-run Phillips curve when the inflation rate rises,
 
  A) the real wage rate falls and more labor is hired.
  B) the expected inflation rate falls.
  C) the expected inflation rate rises.
  D) the money wage rate falls because the labor market becomes less tight.
  E) potential GDP decreases.

[ecox1012]

Answer to Question 1

C

Answer to Question 2

A