In the Phillips curve equation, which of the following will cause an increase in the current inflation rate? an increase in the expected inflation rate. an increase in the unemployment rate. a decrease in the markup. a decrease in wage bargaining power.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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In the Phillips curve equation, which of the following will cause an increase in the current inflation
rate?
an increase in the expected inflation rate.
an increase in the unemployment rate.
a decrease in the markup.
a decrease in wage bargaining power.
Transcribed Image Text:In the Phillips curve equation, which of the following will cause an increase in the current inflation rate? an increase in the expected inflation rate. an increase in the unemployment rate. a decrease in the markup. a decrease in wage bargaining power.
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