How do changes in the expected inflation rate account for the behavior of the Phillips curve in

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How do changes in the expected inflation rate account for the behavior of the Phillips curve in the 1970s, 1980s, and 1990s in Canada? What role do supply shocks play in explaining the behavior of the Phillips curve in Canada?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

Question Posted: Apr 01, 2016 03:56 AM

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How do changes in the expected inflation rate account for the behavior of the Phillips curve in

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In the early 1960s the rate of inflation was fairly low about 1 to 2 a...View the full answer

Macroeconomics

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