According to the Friedman-Lucas money surprise model,we should expect a stable relationship between deviations in the inflation rate from
A) trend and deviations of real output from trend.
B) trend and deviations in real output from what it is expected to be.
C) what it is expected to be and deviations of real output from trend.
D) what it is expected to be and deviations in real output from what it is expected to be.
E) trend and deviation of real output from trend over long periods of time only.
Correct Answer:
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