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QUESTION
What policy action by the fed describe when people believe that the fed will lower the inflation rate and the expected inflation rate falls in order
What policy action by the fed describe when people believe that the fed will lower the inflation rate and the expected inflation rate falls in order to slow the inflation rate without any accompanying loss of output or increase in unemployment
A. rational reduction
B. surprise inflation reduction
C. credible announced inflation reduction
D. statistical model of reduction
