Question: The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming people form expectations adaptively. Give all answers to two

The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming people form expectations adaptively. Give all answers to two decimals.

Year	Actual inflation rate	Expected inflation rate	Error
2016	3%	3%	0%
2017	5.50%	a) %	b) %
2018	8.00%	5.50%	c) %
2019	6.00%	d) %	2.00%
2020	4.50%	e) %	f) %

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