Along the long-run Phillips curve,
A. actual inflation is greater than expected inflation.
B. actual inflation is equal to expected inflation.
C. actual inflation is less than expected inflation.
D. None of the above answers is correct.
Answer:B
Along the long-run Phillips curve,
A. actual inflation is greater than expected inflation. B. actual inflation is equal to expected inflation. C. actual inflation is less than expected inflation. D. None of the above answers is correct.