19. Suppose the objective function of a government is described by W(u,π) = (u + 5π2) where
u is the unemployrent rate, and m is the infation rate, while the Phillips curve is described by
is the expected in fation rate, and u is the natural rate of unemployment.
Which of the following infation rate is a credible promise that the government can make?
(A) 0%
(B) 2%
(C)5%
(D) 10%
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統計: 尚無統計資料
統計: 尚無統計資料