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johnpaul92 johnpaul92
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8 years ago
Based on the theory of the expectations-augmented Phillips curve, if the expected inflation rate is 2%, the short-run Phillips curve will
A) intersect the long-run Phillips curve at the natural unemployment rate, when the inflation rate is 2%.
B) be the same as the long-run Phillips curve.
C) be horizontal at an expected inflation rate of 2%.
D) have a kink at an inflation rate of 2%.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Appreciate your help, thank you again
wrote...
#3
8 years ago
Take care for now
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