According to Adaptive Expectations Theory,if the Last Three Years of Inflation

question 106

Multiple Choice

According to adaptive expectations theory,if the last three years of inflation were 3 percent,3 percent,and 2 percent,respectively,one would expect inflation the following year to be ________ percent.

• A) 0
• B) 3
• C) 1
• D) 4
• E) 2

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Positive Message

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