The central bank raises the actual inflation rate

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Q. An economist tells you which the time cost of dental services is estimated to be $4.86 per day wait for a new-patient appointment also $5.20 per minute wait in the reception room. Based on this statement, illustrate what would take place to the demand curve for dental services if patients had to wait longer for an appointment with a dentist?

Q. Long-run Phillips curve. If the economy begins at U=NRU=4% also actual inflation rate = expected inflation rate =2% also the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.

Reference no: EM1323002

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