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    Macroeconomics Study Set 43
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    Exam 16: A: Long-Run Macroeconomic Adjustments
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    If the Phillips Curve Exists in Reality, What Dilemma Does
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If the Phillips Curve Exists in Reality, What Dilemma Does

Question 13

Question 13

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If the Phillips Curve exists in reality, what dilemma does this create for fiscal and monetary policies? Explain.

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The dilemma is that an expansionary fisc...

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