1. 2. How does the expectations-augmented Phillips curve differ from the original Phillips curve? According to the...

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1. 2. How does the expectations-augmented Phillips curve differ from the original Phillips curve? According to the theory of the expectations-augmented Phillips curve, under what conditions should the short-run Phillips curve relationship appear in the data?

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Macroeconomics

ISBN: 9780134896441

10th Edition

Authors: Andrew Abel, Ben Bernanke, Dean Croushore

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