Which figure shows the correct effect on the Phillips curve when the domestic currency deprec Unexpected inflation Output gap

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
D7
Which figure shows the correct effect on the Phillips curve when the domestic currency depreciates?
Unexpected
inflation
Output gap
Unexpected
inflation
Output gap
New
Unexpected
inflation
Old
Output gap
Unexpected
inflation
Old
New
Output gap
Transcribed Image Text:Which figure shows the correct effect on the Phillips curve when the domestic currency depreciates? Unexpected inflation Output gap Unexpected inflation Output gap New Unexpected inflation Old Output gap Unexpected inflation Old New Output gap
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