Question: D Question 8 Consider the following augmented Phillips curve: Tit - OTTt-1 = (m + z) - aut When 0 is equal to one then:

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

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