Question
The tradeoff between inflation and unemployment does not existin the long run because people will adjust their expectations sothat expected inflation: A. exceeds the inflation
The tradeoff between inflation and unemployment does not existin the long run because people will adjust their expectations sothat expected inflation:
A. exceeds the inflation rate
B. equals the inflation rate of the previous year.
C. equals the inflation rate.
D. is below the inflation rate.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
