Business, 17.04.2020 17:59 donttrip18

The inflation rate is 8 percent, and the central bank is considering slowing the rate of money growth to reduce inflation to 4 percent. Economist Lorenzo believes that expectations are very sluggish, whereas economist Sam believes that expectations of inflation change quickly in response to new policies.

Economist SAM/LORENZO is more likely to expect the costs of reducing inflation in terms of lost output to be relatively small.

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The inflation rate is 8 percent, and the central bank is considering slowing the rate of money growt...