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backward-looking expectations may reasonably describe actual behavior becausechanges in inflation rates or price levels
if there is a permanent adverse supply shockthe rate of inflation can be held constant if real wages are kept from
confronted with an adverse supply shock an economy with rigid wages and prices would suffera an increase in output and
1 which market structure that may have two demand elasticitiesa competitionb oligopolyc monopoly2 which market
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if expectations are adaptive it means that the expected rate of inflationdepends on the observed rate of
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from california to new york legislative bodies across the united states are considering eliminating or reducing the
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a retired junk yard operator edsel studebaker recently died and left his entire fortune of 12300000 to a trust to
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1 during the 2008 financial crisis and the subsequent recession how did major us banks respond to the actions of the
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question douglas and dena paid the following amounts of interest during 2010qualified home mortgage interest