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Business, 30.06.2021 01:50 yellowmiki6647

Suppose the expected and actual inflation rate is currently 4% and the NAIRU (nonaccelerating inflation rate of unemployment) is 4%. The actions of policy makers drive inflation up to 6% and unemployment down to 2%. Which will MOST likely occur if no further action is taken

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Suppose the expected and actual inflation rate is currently 4% and the NAIRU (nonaccelerating inflat...
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