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vellojo vellojo
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7 years ago
The inflation rate has been 3 percent per year for several years, and the unemployment rate has been stable at 5 percent. Unexpected changes in monetary policy cause the inflation rate to increase to 6 percent. In the short run, the unemployment rate will
A) increase, but the exact amount cannot be known for sure.
B) decrease.
C) remain constant.
D) increase to 8 percent.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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7 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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