Long-run phillips curve suppose the economy is at point d, Econometrics

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Long-run phillips curve suppose the economy is at point d

(Long-Run Phillips Curve) Suppose the economy is at point d on the long-run Phillips curve shown in Exhibit 6. If that inflation rate is unacceptably high, how can policy makers get the inflation rate down? Would rational expectations help or hinder their efforts?

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Econometrics: Long-run phillips curve suppose the economy is at point d

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Econometrics: Long-run phillips curve suppose the economy is at point d

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