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T/F = According to the Phillips curve analysis, if expected inflation is equal to...

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lilylee | Student, College Freshman | Salutatorian

Posted July 25, 2013 at 2:28 PM via web

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T/F = According to the Phillips curve analysis, if expected inflation is equal to actual inflation then we are at NAIRU. However, if actual inflation is higher than expected, then the actual unemployment rate will be higher than that associated with NAIRU.

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