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Roar Roar
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6 years ago
For this question, assume that the Phillips curve equation is represented by the following equation:
πt - πt-1 = (m + z) - αut. A reduction in the unemployment rate will cause
A) a reduction in the markup over labor costs (i.e., a reduction in m).
B) an increase in the markup over labor costs.
C) an increase in the inflation rate over time.
D) a decrease in the inflation rate over time.
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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vonCOLLINZOvonCOLLINZO
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Roar Author
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6 years ago
Thank you, thank you, thank you!
Loruiz15
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This site is awesome
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Thanks for your help!!
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