Assume that people in the economy have adaptive expectations. If the inflation rate has been stable at 4% in each prior year (because of passive monetary policies) and the central bank wants to lower unemployment, which policy should it implement?
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Home » Business » Assume that people in the economy have adaptive expectations. If the inflation rate has been stable at 4% in each prior year (because of passive monetary policies) and the central bank wants to lower unemployment, which policy should it implement?