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Assume the Phillips curve is represented by the following: t t-1 = (ut un). If equals 5, the sacrifice ratio is equal to: A) 5 B) -5 C) -0.2 D) 0.2...

 Assume the Phillips curve is represented by the following: πt ‐ πt-1 = ‐α(ut ‐ un). If α equals 5, the sacrifice ratio is equal to: A) 5 B) -5 C) -0.2 D) 0.2 E) none of the above. 

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