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    Exam 39: Current Issues in Macro Theory and Policy
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    Monetarists and Rational Expectations Theorists Believe That Cost-Push Inflation Is
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Monetarists and Rational Expectations Theorists Believe That Cost-Push Inflation Is

Question 13

Question 13

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Monetarists and rational expectations theorists believe that cost-push inflation is impossible in the long run in the absence of excessive money supply growth.

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