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    Principles of Economics Study Set 12
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    Exam 27: Monetary Policy
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    Explain How the Facts Justify the Conclusion Implied by the AD-IA
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Explain How the Facts Justify the Conclusion Implied by the AD-IA

Question 37

Question 37

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Explain how the facts justify the conclusion implied by the AD-IA analysis: There is no long-run tradeoff between inflation and unemployment.

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The facts justify this conclusion. In th...

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