=+ it will take longer for a change in the actual inflation rate to be reflected in

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=+ it will take longer for a change in the actual inflation rate to be reflected in a corresponding change in the expected inflation rate. In contrast, in a country such as Zimbabwe, which has recently had very

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 08, 2024 08:01 AM

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=+ In a country such as Japan, which has had very little inflation in recent memory,
=+high inflation, a change in the actual inflation rate will immediately be reflected ina corresponding change in the expected inflation rate.
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=+ it will take longer for a change in the actual inflation rate to be reflected in

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