The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming people
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Question:
The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming people form expectations adaptively. Give all answers to two decimals.
| Year | Actual inflation rate | Expected inflation rate | Error |
| 2016 | 3% | 3% | 0% |
| 2017 | 5.50% | a) % | b) % |
| 2018 | 8.00% | 5.50% | c) % |
| 2019 | 6.00% | d) % | 2.00% |
| 2020 | 4.50% | e) % | f) % |
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