Specify the hypotheses on the natural rate of unemployment and the rational expectations. Discuss the logical and

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Specify the hypotheses on the natural rate of unemployment and the rational expectations.

Discuss the logical and historical relationship between them.

Discuss, for each concept, whether disequilibrium in the economy is consistent with it or not. If it is, discuss the role and usefulness of monetary policy in this state.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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