Correct answer = D
"Inflation," Michael Parkin
2008 Modular Level I, Vol. 2, pp. 416-417
Study Session 6-26-e
explain the impact of inflation on unemployment, and describe the short-run and long-run Phillips curve, including the effect of changes in the natural rate of unemployment
It is the difference between actual and expected rates of inflation that influences unemployment. Unemployment rises when decision-makers overestimate the inflation rate. | 
发表于 2008-5-30 01:19
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