Programme Code : MEC
Course Code : MEC-02
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Year : 2013 Views: 1065 Submitted By : Vikash Kumar Sinha On 19th February, 2013

Do you have solution for this Question. If yes    I aslo want solution.

Q.


Distinguish between adaptive expectations and rational expectations. Explain why the shape of the

Phillips curve changes when we introduce expectations in our analysis.


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