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8 years ago
Suppose I expect the inflation rate to be 3% next year. When next year comes, the inflation rate turns out to be 7%. If I base my expectations concerning future inflation on past inflation rates and my past inflation expectations, when I make my expectation regarding inflation, I might expect ________% inflation rate the following year.
A) 7
B) 4
C) 5
D) 3
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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