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bedau bedau
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7 years ago
With a "cold turkey" disinflationary policy of reducing GDP growth, the assumption of adaptive expectations causes
A) inflation to not decrease in the long-run.
B) an immediate full reduction in inflation with no temporary recession.
C) a temporary recession en route to the final long-run equilibrium.
D) a permanently lower level of output at the long-run rate of inflation.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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bedau Author
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#2
6 years ago
Answer is 100% right, tysm
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