thanks.
just think of the phillips curve… full anticipation means that investors are able to change/shift their inflationary expectations… so the short-run philips curve (SRPC) shifts upwards… unemployment stays as it is
thanks.
just think of the phillips curve… full anticipation means that investors are able to change/shift their inflationary expectations… so the short-run philips curve (SRPC) shifts upwards… unemployment stays as it is