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The price level in the economy between 2012 and 2013 rose from 100 to 105. Between 2013 and​ 2014, the price level rose from 105 to 110.25. How does the​ short-run Phillips curve predict the

The price level in the economy between 2012 and 2013 rose from 100 to 105. Between 2013 and​ 2014, the price level rose from 105 to 110.25. How does the​ short-run Phillips curve predict the unemployment rate will change as a​ result?

A.The unemployment rate will decrease since inflation decreased.

B.The unemployment rate will increase since inflation increased.

C.The unemployment rate will decrease since inflation increased.

D.The unemployment rate would not change since there is no change in the rate of inflation.

Jul 02 2021 View more View Less

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