The Phillips curve is given by
π₁-π = 0.1-2u,
The inflation is a year becomes the expected inflation in the next year. The unemployment rate is kept by the fed at 4%. If the inflation in the last year was 0, then the inflation in the next year will be:
A. 1%
B. 2%
C. 3%
D. 4%
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bhagwaan janee
Explanation:
Mujhe to ponts se mat lad a
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