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How does change in the expected inflation rate affect the short-run tradeoff between inflation and unemployment? Question 31 options: Immediately, because the money wage rate

How does change in the expected inflation rate affect the short-run tradeoff between inflation and unemployment?

Question 31 options:

Immediately, because the money wage rate is sensitive to change in the expected inflation rate.

Immediately, because unemployment and job production respond quickly to change in the expected inflation rate.

Gradually, because the money wage rate responds only gradually to change in the expected inflation rate.

Gradually, because the natural unemployment rate rarely changes.

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