Question: According to Phillips, inflation should decrease when Group of answer choices a) the unemployment rate is higher than NAIRU and inflationary expectations remain constant. b)

According to Phillips, inflation should decrease when

Group of answer choices

a) the unemployment rate is higher than NAIRU and inflationary expectations remain constant.

b) If the economy is operating at full employment but inflationary expectations are decreasing.

c) both a. and b. are true.

d.) neither a. nor b. are true.

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