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Why would rpt = 0 make the demand curve solely determined by the inflation target? the AD curve in this problem: Y = at -
Why would rpt = 0 make the demand curve solely determined by the inflation target? the AD curve in this problem: Y = at - b*rpt - bm(inflation - inflation target). Wouldnt rpt = 0 just make the intercept increase to only at? What does at represent? is it inflation
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
