Based on the graph above, suppose the economy is at point 2, then outp
Based on the graph above, suppose the economy is at point 2, then output falls to 10 and there is a price shock of one percent. The inflation rate next period will be ________ percent.
A) 5
B) 3.5
C) 4.5
D) 4
E) none of the above
ANSWER
C
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