Question
If the economy is at potential output, and people's expectations about inflation is correct, then the actual inflation equals the natural rate of unemployment. is
If the economy is at potential output, and people's expectations about inflation is correct, then the actual inflation
equals the natural rate of unemployment.
is less than expected inflation.
equals expected inflation.
is greater than expected inflation.
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The Commanding Heights The Battle For The World Economy
Authors: Daniel Yergin, Joseph Stanislaw
1st Edition
068483569X, 9780684835693
