1. How would the policymakers indifference curves be affected by the extent of their aversion to inflation?...
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1. How would the policymaker’s indifference curves be affected by the extent of their aversion to inflation?
2. How would inflation bias be affected if the government placed considerable importance on its future reputation for controlling inflation?
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1 The indifference curves of a more inflationaverse policymaker hawk are relatively flatter at any ...View the full answer
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