If expectations are rational, inflation can be reduced without a period of high unemployment.
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Q35: There is no long-run trade-off between inflation
Q36: One explanation for the increase in the
Q37: Rational expectations are the theory according to
Q38: Indexing seeks to reduce the social costs
Q39: Inflation targeting requires monetary policymakers to rely
Q41: If economic fluctuations originate on the supply
Q42: Restricting demand will lower inflation but
A)aggravate the
Q43: Inflation can be caused by rapid growth
Q44: The economy's self-correcting mechanism
A)tends to push unemployment
Q45: Demand-side inflation differs from supply-side inflation in
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