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Question 1: (4 marks) There is no trade-off between unemployment and inflation, even in the short run, if expectations are rational and policy changes are

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Question 1: (4 marks) There is no trade-off between unemployment and inflation, even in the short run, if expectations are rational and policy changes are systematic.Evaluate the following statements as true/false/uncertain and explain your answer carefully. Please use diagrams and/or algebra when answering the question, where appropriate

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