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SunnieeCA SunnieeCA
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A year ago
Rational-Expectations Theory


Short-Run Phillips CurveLong-Run Phillips Curve
Inflation Rate (%)Unemployment Rate (%)Inflation Rate (%)Unemployment Rate (%)
010​06​
3​6​3​6​
6.1​3​6.1​6​

Refer to the data in the table. If workers and firms have rational expectations, an expansionary monetary policy will cause short-run equilibrium to occur at an inflation rate of ________ percent and an unemployment rate of ________ percent.

▸ 3; 3

▸ 6.1; 6

▸ 3; 6

▸ 6.1; 3
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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webmom2008webmom2008
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SunnieeCA Author
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A year ago
this is exactly what I needed
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This helped my grade so much Perfect
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