Economics Long Run Phillips Curve and Rational Expectations 17 May 202018 May 2020 Long Run Phillips Curve And Rational Expectations - The viewpoint about inflation and unemployment put forward by Rational Expectations Theory which is the cornerstone of recently developed macroeconomic theory, popularly…
Economics Long-Run Phillips Curve and Adaptive Expectations 16 May 2020 Long-Run Phillips Curve and Adaptive Expectations - The concept of long-run Phillips curve was given by Friedman and other natural rate theorists. According to them, the economy will not remain…