ksain1946 ksain1946

23-04-2024
Business

Answered

Suppose people hold adaptive expectations about inflation. Recently, inflation has held steady at 1.4%. Which of the following scenarios would lead to lower unemployment according to the expectations-augmented Phillips curve?

a. Higher than 1.4% inflation
b. Lower than 1.4% inflation
c. Exactly 1.4% inflation

Answer :

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