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Suppose the central bank wants to reduce inflation by 10%, un = 6%, and = .5. How many pointyears of excess unemployment will be needed to reduce

Suppose the central bank wants to reduce inflation by 10%, un = 6%, and α = .5. How many point‐years of excess unemployment will be needed to reduce inflation by 10%? A) 5 B) 20 C) 0.5 D) 10 E) none of the above 

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B) 20 [it will take 20 point... View the full answer

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