According to adaptive expectations theory, a decline in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate. a) decreases; increases
According to adaptive expectations theory, a decline in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate.
a) decreases; increases
b) increases; decreases
c) decreases; decreases
d) increases; increases
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Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
7th Edition
1305081595, 978-1305081598
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