True, False, or uncertain: If people assume that inflation will be the same as last year's inflation, the Phillips curve relation will be a relation between the change in the inflation rate and the unemployment rate.

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Q: True or False?

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Q: 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1.7 1.0 1.0 1.3 1.3 1.6 2.9 3.1 4.2 5.5 Inflation…

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