2. How does the expectations-augmented Phillips curve differ from the traditional Phillips curve? According to the theory

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

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Macroeconomics Value Edition

ISBN: 978-0136114895

7th Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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