If current unemployment rate is equal to natural rate of unemployment, then:a. inflation is high.b. inflation equal expected inflation.c. output stays constant.d. output and inflation are constant.

Unemployment means the people are unemployed and not working. It means the people are a part of the…

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í current unemployment rate is equal to natural rate of unemployment, then: a. inflation is high.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 4.10P

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If current unemployment rate is equal to natural rate of unemployment, then:
a. inflation is high.
b. inflation equal expected inflation.
c. output stays constant.
d. output and inflation are constant.

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