The Phillips curve is given byI-T =0.1-2uThe inflation is a year becomes the expected inflation in the next year. The unemployment rate is kept by the fedat 4%. If the inflation in the last year was 0, then the inflation in the next year will be:A. 1%B. 2%C. 3%D. 4%Answer04:29 PM19-10-2021

We know the equation of the Philips curve is given as :…

The Phillips curve is given by I-T, =0.1-2u, The inflation is a year becomes the expected inflation in the next year. The unemployment rate is kept by the at 4%. If the inflation in the last year was 0, then the inflation in the next year will be: A. 1% B. 2% C 3% D. 4%

The Phillips curve is given by I-T, =0.1-2u, The inflation is a year becomes the expected inflation in the next year. The unemployment rate is kept by the at 4%. If the inflation in the last year was 0, then the inflation in the next year will be: A. 1% B. 2% C 3% D. 4%

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...

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Question

The Phillips curve is given by
I-T =0.1-2u
The inflation is a year becomes the expected inflation in the next year. The unemployment rate is kept by the fed
at 4%. If the inflation in the last year was 0, then the inflation in the next year will be:
A. 1%
B. 2%
C. 3%
D. 4%
Answer
04:29 PM
19-10-2021

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