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Standard economic theory predicts that the following will happen if the civilian unemployment rate drops below the target rate of unemployment: a. Inflation will stay

Standard economic theory predicts that the following will happen if the civilian unemployment rate drops below the target rate of unemployment:

a. Inflation will stay at the same level.

b. Unemployment will become more structural.

c. Inflation will decelerate and decline.

d. Inflation will accelerate and increase.

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