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If the Inflation Rate in 2013 Was 2

Question 45

Multiple Choice

If the inflation rate in 2013 was 2.5%,and because of that people expect the inflation rate in 2014 will also be 2.5%,these people are said to have

A) rational expectations.
B) expectations of stagflation.
C) adaptive expectations.
D) expectations of supply shocks.

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