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Suppose the economy is currently having an inflation expectation which equals to actual inflation. Explain how...

Suppose the economy is currently having an inflation expectation which equals to actual inflation. Explain how the output level will be affected in the short-run and long-run if there is a demand shock that drives the actual inflation to fall below expectation.

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Suppose the economy is currently having an inflation expectation which equals to actual inflation. Explain how...
Suppose the economy is currently having an inflation expectation which equals to actual inflation. Explain how the output level will be affected in the short-run and long-run if there is a demand shock that drives the actual inflation to fall below expectation.
Suppose the economy is currently having an inflation expectation which equals to actual inflation. Explain how...
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