Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 12, Problem 3AP
a)
To determine
The evolution of AD curve, SRAS curve, output, the price level, and the expected price level over time in an economy. And the values of unanticipated inflation and cyclical
b)
To determine
The actual and unanticipated inflation rates during 2019 and find the cyclical unemployment during 2016. And determine how this result is related to the expectations-augmented Phillips curve.
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