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Author Question: Rational-Expectations TheoryShort-Run Phillips CurveLong-Run Phillips CurveInflation Rate ... (Read 64 times)

Aimless0988

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on: Nov 23, 2022
Rational-Expectations Theory


Short-Run Phillips CurveLong-Run Phillips Curve
Inflation Rate (%)Unemployment Rate (%)Inflation Rate (%)Unemployment Rate (%)
011​07​
2.4​7​2.4​7​
5.9​4​5.9​7​


Refer to the data in the table. If workers and firms have adaptive expectations, an expansionary monetary policy will cause short-run equilibrium to occur at an inflation rate of ________ percent and an unemployment rate of ________ percent.
◦ 5.9; 4
◦ 2.4; 7
◦ 5.9; 7
◦ 2.4; 4
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Aimless0988 on Nov 23, 2022

Htimsrs

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Reply #1 on: Nov 23, 2022
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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Aimless0988

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
Excellent

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