Question: explain it. In order to derive the equation for the Phillips curve we assumed that the expected inflation rate, , is equal to: a. Current

In order to derive the equation for the Phillips curve we assumed that the expected inflation rate, , is explain it.

In order to derive the equation for the Phillips curve we assumed that the expected inflation rate, , is equal to: a. Current inflation rate b. C. Next period's inflation rate Money growth rate d. e. Last period's inflation rate Money growth rate net of GDP growth rate

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