17. a. Explain the role that inflation expectations play in creating a self-fulfilling prophecy. b. Explain Bernankes

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17.

a. Explain the role that inflation expectations play in creating a self-fulfilling prophecy.

b. Explain Bernanke’s predictions about the impact of the 2008 oil price shock as compared to the 1970s shock.

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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