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    Macroeconomics for Today
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    Exam 17: The Phillips Curve and Expectations Theory
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    According to the Adaptive Expectations Theory, After Many Years of Rising
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According to the Adaptive Expectations Theory, After Many Years of Rising

Question 111

Question 111

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According to the adaptive expectations theory, after many years of rising prices, people tend to ignore past experience in predicting the future rate of inflation.

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