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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 17
Suppose a permanent downward-sloping Phillips curve existed and offered a menu of choices of different combinations of inflation and unemployment rates to policy makers. How do you think society would go about deciding which point on the Phillips curve it wanted to occupy?
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In this case, the economy could go into ...
Macroeconomics 10th Edition by Roger Arnold
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