Suppose the phillips curve is represented by the following equation: πt - πt-1 = 20 - 2ut. given this information, which of the following is most likely to occur if the actual unemployment in any period is equal to 6%? a) the rate of inflation will tend to decreaseb) the rate of inflation will be constantc) the rate of inflation will tend to increasee) none of the above
i would say its either b or imma go with the answer c
i believe the answer to this would be d. public relations.
i hope i ! ^^