According to the modem view of the Phillips curve, the actual inflation is 6% , while the expected inflation 5% , the most likely initial effect is that:()
A. the natural rate of unemployment will fall.
B. the natural rate of unemployment will rise.
C. unemployment will fall below its natural rate.
参考答案:C
解析:
There are two conclusions arising from modem analysis of the Phillips curve: Expansionary macroeconomic policies will cause inflation, without permanently reducing unemployment. When inflation exceeds expectations, unemployment falls below its natural levels. It is the difference between expected and actual inflation that influences unemployment, not the absolute magnitude of inflation.