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Title: In response to a rapid deceleration in the growth rate of nominal GDP in the early 1980s, Post by: Scribs on Jul 26, 2017 In response to a rapid deceleration in the growth rate of nominal GDP in the early 1980s,
A) inflation declined slowly, thus giving empirical support to the proponents of the adaptive expectations approach. B) inflation declined slower than the deceleration in nominal GDP and real output actually declined. C) inflation declined slower than the deceleration in nominal GDP and the output ratio actually declined. D) All of the above are correct. Title: Re: In response to a rapid deceleration in the growth rate of nominal GDP in the early 1980s, Post by: thecrom on Jul 26, 2017 Content hidden
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