Macro Models and Parables: Part 1
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This Teacher Is real smart
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phillips-curve got modified by expected inflation rate and the modell went on working, so plz make better recherche
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9:56
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Oh geez, I'd dare say I have lectured on the Expectations Augmented PC hundrends of times, maybe thousands -- stacking those little short run curves and showing little jumps from one to the other. What does it tell us? Not much, except that the things we do not know depend on "expectations."
maximizeutility 2 years ago