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Author Question: When the Friedman-Lucas money surprise model is incorporated into the Phillips curve, (Read 398 times)

Kthamas

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on: Jan 2, 2020
When the Friedman-Lucas money surprise model is incorporated into the Phillips curve,
◦ when the inflation rate is rising, then output is below trend output.
◦ when the inflation rate is less than the expected inflation rate, output is greater than trend output.
◦ when the inflation rate is equal to the expected inflation rate, then output is equal to trend output.
◦ when the inflation rate is greater than the expected inflation rate, output is equal to trend output.
◦ when the expected inflation rate rises, output falls.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
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Marked as best answer by Kthamas on Jan 2, 2020

kilada

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Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kthamas

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Reply 2 on: Jan 2, 2020
Excellent

cpetit11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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