Over the past five years,you have recorded the inflation rate to be 3%,4%,3%,4%,and 3%,respectively.According to adaptive expectations theory,what would market participants expect inflation to be next year,and why?

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The Answer of Over the past five years,you have recorded the inflation rate to be 3%,4%,3%,4%,and 3%,respectively.According to adaptive expectations theory,what would market participants expect inflation to be next year,and why?

Over the Past Five Years,you Have Recorded the Inflation Rate