Q20 According to the Phillips curve approach, when inflation is less than expected, the most likely initial affect is that: A. real wags rates will fall B. real interest rates will fall C: the natural rate of unemployment will rise D. unemployment will rise above its natural rate
答案和详解如下：
Q20 D 07Modular Level I, Vo1 2 ,pp. 391 Study Session 5-26-c It is the difference between actual and expected rafts of inflation that influences unemployment. Unemployment rises when decision-makers overestimate the inflation rate.
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发表于 2007-11-5 18:40
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