The expectations-augmented phillips curve a. assumes that the expected rate of inflation is zero. b. has proven to be very stable across countries and over time. c. is consistent with workers and firms adapting their expectations after the macroeconomic experience of the 1960s. d. allows policymakers to achieve as low a rate of unemployment as they desire.
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The expectations-augmented phillips curve a. assumes that the expected rate of inflation is zero. b....
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