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Business, 21.04.2020 22:00 mayamcmillan11

The rational-expectations point of view, in the most extreme case, holds that if policymakers are credibly committed to reducing inflation, and rational people understand that commitment and quickly lower their inflation expectations, then the sacrifice ratio will be approximately: A. 0.
B. 1.
C. 5.
D. 2.8.

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