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How does the New Keynesian model address the trade-off between inflation and unemployment? a. It assumes that inflation expectations are irrational. b. It suggests that
How does the New Keynesian model address the trade-off between inflation and unemployment? a. It assumes that inflation expectations are irrational. b. It suggests that policymakers can exploit the Phillips curve to stabilize the economy. c. It emphasizes the importance of supply-side policies. d. It argues that inflation and unemployment are unrelated
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