LO 5 Suppose that the central bank could convince the public to expect more inlation in the

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LO 5 Suppose that the central bank could convince the public to expect more inlation in the future. If the economy is currently in a liquidity trap, what efects would this have? Use a diagram, and explain your results.

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Macroeconomics

ISBN: 9781292215792

6th Global Edition

Authors: Stephen Williamson

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