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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 16: The Policy Debate: Active or Passive
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    The Short-Run Phillips Curve Is Drawn for a Given Expected
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The Short-Run Phillips Curve Is Drawn for a Given Expected

Question 8

Question 8

True/False

The short-run Phillips curve is drawn for a given expected inflation rate and so it shifts as inflation expectations change.

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