Suppose the expected and actual inflation rates are 7 percent a year and the natural unemployment rate
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Suppose the expected and actual inflation rates are 7 percent a year and the natural unemployment rate is 6 percent. If the inflation rate falls to 5 percent a year while the expected inflation rate remains at 7 percent a year, what happens to the unemployment rate?
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Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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