=+ where is the average of the inflation rate over the past year, y is real

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=+ where π is the average of the inflation rate over the past year, y is real GDP as recently measured, y* is an estimate of the natural rate of output, and π* is the Fed’s goal for inflation.

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Brief Principles Of Macroeconomics

ISBN: 9780324590371

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 04:00 AM

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=+ where is the average of the inflation rate over the past year, y is real GDP as recently measured, y* is an estimate of the natural rate of output, and * is the Feds goal for inflation.
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=+ where is the average of the inflation rate over the past year, y is real

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Brief Principles Of Macroeconomics

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