Table 35-1\ An economist working for the Central Bank of Fredonia estimates a Phillips curve for Fredonia and reports the following points on\ \\\\table[[\\\\table[[Actual Inflation Rate],[(Percent)]],\\\\table[[Unemployment Rate],[(Percent)]]],[5,4.0],[4,4.5],[3,5.0],[2,5.5]]\ Refer to Table

35-1

. Which of the following statements is correct?\ a. These points are consistent with the theoretical short-run Phillips curve, but notwith the long-run Phillips curve.\ b. These points are consistent with both the theoretical short-run and long-run Phillips curves.\ c. These points are not consistent with either the theoretical short-run or long-run Phillips curves.\ d. These points are consistent with the theoretical long-run Phillips curve, but not with the short-run Phillips curve.

An economist working for the Central Bank of Fredonia estimates a Phillips curve for Fredonia and reports the following points on Refer to Table 351. Which of the following statements is correct? a. These points are consistent with the theoretical short-run Phillips curve, but not with the long-run Phillips curve. b. These points are consistent with both the theoretical short-run and long-run Phillips curves. c. These points are not consistent with either the theoretical short-run or long-run Phillips curves. t. These points are consistent with the theoretical long-run Phillips curve, but not with the short-run Phillips curve