Question: 1) In no more than 3 sentences, use an expectations-augmented Phillips Curve to explain how Brazil managed substantial decreases in inflation in 1994-95 and in

1) In no more than 3 sentences, use an expectations-augmented Phillips

Curve to explain how Brazil managed substantial decreases in inflation in 1994-95

1) In no more than 3 sentences, use an expectations-augmented Phillips Curve to explain how Brazil managed substantial decreases in inflation in 1994-95 and in 2003-04 without significant costs in terms of growth and unemployment. Use actual data to substantiate your

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