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In the long run, when wages and inflation expectations adjust to match actual inflation, the economy does which of the following? Multiple choice question. Enjoys
In the long run, when wages and inflation expectations adjust to match actual inflation, the economy does which of the following? Multiple choice question. Enjoys falling unemployment as inflation rises Stays at the natural rate of unemployment, even if the inflation rate changes Will have a constant rate of inflation but varying rates of unemployment Experiences rising output along with inflation
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