According to the Phillips curve, unemployment will return to the natural rate when: | Faculties

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Mr. Dubey • 51.43K Points
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Q. According to the Phillips curve, unemployment will return to the natural rate when:

(A) Nominal wages are equal to expected wages

(B) Real wages are back at long-run equilibrium level

(C) Nominal wages are growing faster than inflation

(D) Inflation is higher than the growth of nominal wages

Correct Answer - Option(B)

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