kelseymcghee5259 kelseymcghee5259
  • 27-05-2023
  • Business
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If the public adopts rational expectations:

a. The Phillips curve is vertical at the current rate of unemployment
b. The Phillips curve is horizontal at the target inflation rate
c. The Phillips curve is vertical at the natural rate of unemployment
d. The Phillips curve's movements can be correctly predicted by the policy makers

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