17 If inflation has been about 5 percent each year for a long time and you have...
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17 If inflation has been about 5 percent each year for a long time and you have observed no change in the behavior of monetary policymakers, what is your rational expectation of future inflation?
If inflation has been about 5 percent each year for a long time and monetary policymakers have announced that they are planning to increase the growth rate of the money supply by 3 percent, what is your rational expectation of future inflation?
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