At the point where actual inflation is equal to expected inflation,
A) the short-run Phillips curve intersects the long-run Phillips curve.
B) the short-run Phillips curve is the same as the long-run Phillips curve.
C) the unemployment rate is zero.
D) there is no short-run Phillips curve, as this situation only occurs in the long run.
A
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A problem with the neoclassical growth theory is its
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