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	4.00%	a) %	b) %
2018	5.50%	4.00%	c) %
2019	3.00%	d) %	2.50%
2020	2.00%	e) %	f) %

Part 2(1 pt)

See Hint

Look back at the table. Assuming people form expectations adaptively, which of the following statements are correct? Choose one or more:A.When inflation is decreasing from year to year, people tend to underestimate inflation.B.When inflation is decreasing from year to year, people tend to overestimate inflation.C.Monetary policy can reduce unemployment only if the policy is expected.D.When inflation is increasing from year to year, people tend to overestimate inflation.E.When inflation is increasing from year to year, people tend to underestimate inflation.