A group of economists offer the theory that the economy will reduce inflation without the cost of _____ if people are rational.

Name: A group of economists offer the theory that the economy will reduce inflation without the cost of _____ if people are rational.
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The theory suggests that if people are rational, the economy can reduce inflation without the negative consequences of high unemployment and low output, which are traditionally associated with measures to combat inflation.

A Group of Economists Offer the Theory That the Economy