There is a different short-run Phillips curve for every level of the ___________ inflation rate. The inflation rate at which t

Question

madam [21]

3 years ago

14

There is a different short-run Phillips curve for every level of the ___________ inflation rate. The inflation rate at which t

he short-run Phillips curve intersects the long-run Phillips curve equals the ___________ inflation rate.\

Business

1 answer:

lions [1.4K] · Answer 1 · 2022-05-25T13:58:25+03:00

Answer: expected; expected

Explanation:

The Phillips curve is an economic concept whereby it is stated that there is a stable and inverse relationship between inflation and the unemployment in an economy.

According to this theory, inflation is as a result of economic growth and this will lead to reduction in unemployment.

There is a different short-run Phillips curve for every level of the expected inflation rate. The inflation rate at which the short-run Phillips curve intersects the long-run Phillips curve equals the expected inflation rate.

There is a different​ short-run Phillips curve for every level of the​ ___________ inflation rate. The inflation rate at which t

There is a different short-run Phillips curve for every level of the ___________ inflation rate. The inflation rate at which t