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Macroeconomics

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Short Run Phillips Curve Location

MACRO-TYPCLK

The short-run​ Phillips curve always passes through the point where

A

the actual unemployment is zero and the actual inflation rate is zero.

B

the actual unemployment is zero and the actual inflation rate is the expected inflation rate.

C

the actual unemployment is the natural rate and the actual inflation rate is zero.

D

the actual unemployment is the natural rate and the actual inflation rate is the expected inflation rate.