Even if expectations of inflation are rational, sluggish adjustment of wages and prices will still ...

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Even if expectations of inflation are rational, sluggish adjustment of wages and prices will still ...

Even if expectations of inflation are rational, sluggish adjustment of wages and prices will still create a short-run trade-off between inflation and unemployment.
(True or False)?

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InMacro

Edition: 1^st

Authors: Hubbard, O'Brien

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More solutions for this book are available here

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