Ayushi Asked a Question
August 25, 2020 9:40 pmpts 30 pts
64. The Phillips curve under the assumption of rational expectations is (1) downward sloping in short run, vertical in long run (2) always downward sloping (3) always vertical 4) none of the above
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  • Nidhi taparia Best Answer
    Option (1) is right. In short run, it is downward sloping. In long run, it is vertical.
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