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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 20
"Forecasters' predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be optimal." Is this statement true, false, or uncertain? Explain your answer.
Explanation
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An optimal forecast refers to that forec...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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