Question: It is the year 2025. People are expecting inflation to be 2%, but it turns out to actually be 5%. What is the likely effect

It is the year 2025. People are expecting inflation to be 2%, but it turns out to actually be 5%. What is the likely effect on unemployment. Group of answer choices Unemployment equals the natural rate. Unemployment is 3%. Unemployment is above the natural rate. Unemployment is below the natural rate

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.