I. Forecasters' predictions of inflation are notori Ously inaccurate, so their expectations Of inflation cannot be Optimal.

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I. "Forecasters' predictions of inflation are notori•

Ously inaccurate, so their expectations Of inflation cannot be Optimal." Is this statement true, false, or uncertain? Explain your answer.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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