What will the inflation rate be this year

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Reference no: EM13155912

Suppose that output is dollar2.2, the natural rate is 45%, potential GDP is dollar2.32, inflation was 3% last year, expectations are adaptive, and the phillips curve equation is pi = pi + 0.5 (Y -Y*)/Y*. What will the inflation rate be this year?

Reference no: EM13155912

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