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According to the theory of rational expectations, expansionary fiscal policy that is anticipated will: increase the real wage rate in the long run. cause wage

According to the theory of rational expectations, expansionary fiscal policy that is anticipated will:

increase the real wage rate in the long run.

cause wage expectations to adjust downward immediately following the lower price level.

cause a permanent decline in the natural rate of unemployment.

cause wage expectations to adjust upward immediately following the higher price level.

decrease the real wage rate in the long run.

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