1. What impact would there be from a fall in exogenous cost pressures and a lower expected...
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1. What impact would there be from a fall in exogenous cost pressures and a lower expected inflation rate on the expectations-augmented Phillips curve (EAPC)?
2. Was the impact of the financial crisis on interest-rate differentials any different from that which might be assumed in financial accelerator models when real national income falls?
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1 It would shift downwards 2 With a mild recession when there is a fall in real national income the ...View the full answer
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