Secure https/ 8423 3243835078ideploymentld 56736718161043617182604 MINDTAP Homew

Question

Secure https/ 8423 3243835078ideploymentld 56736718161043617182604 MINDTAP Homework (Ch 22) Due on Jul 1 at 10 PM POT 1. Problems and Applications Q Consider the following four situations: A Actual inflation is 6 percent, and expected inflation is 6 percent B. Actual Infilation is 4 percent, and expected inflation is 6 percent C. Actual inflation is 4 percent, and expected inflation is 4 percent O. Actual inflation is 6 percent, and expected Iinflation is 4 percent The following graph gives the long-run Philips curve (URPC) and two potential short-run Philips curves (SRPC) for a particular economy for each situaton previously isted, drag the corresponding point form the palette onto the graph to ndate the portrepresenting that stuto. LAPC ? Type

Explanation / Answer

Expected inflation is decreased so SRPC2 shifts to the left and actual inflation is decreased. Therefore the actual and expected inflation is 4%.

Option C is correct.

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