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Business, 06.04.2021 02:50 lexybellx3

The inflation rate is 8 percent, and the central bank is considering slowing the rate of money growth to reduce inflation to 4 percent. Economist Dmitri believes that expectations of inflation change quickly in response to new policies, whereas economist Jake believes that expectations are very sluggish. True or False: Economist Jake is more likely to favor using contractionary policy to reduce inflation than economist Dmitri. True False

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