Question: D Question 8 Consider the following augmented Phillips curve: m -0-1 = (m + =) - at When # is equal to one there Inflation

D Question 8 Consider the following augmented Phillips curve: m -0-1 = (m + =) - at When # is equal to one there Inflation does not depend on inflation in the previous period Inflation expectations are zero Inflation is very persistent. O The augmented Phillips curve transforms into the original Philips curve

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