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The Phillips curve of an economy is=e-1.8(u-8). Currently, the inflation rate is 2 percent while people expected a 7 percent inflation rate for this year.
The Phillips curve of an economy is=e-1.8(u-8). Currently, the inflation rate is 2 percent while people expected a 7 percent inflation rate for this year. Calculate the actual unemployment rate.
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
