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    Principles of Economics Study Set 8
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    Exam 35: The Short-Run Tradeoff Between Inflation and Unemployment
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    According to the Long-Run Phillips Curve, If the Fed Increases
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According to the Long-Run Phillips Curve, If the Fed Increases

Question 115

Question 115

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According to the long-run Phillips curve, if the Fed increases the growth rate of the money supply, what happens to the inflation rate and the unemployment rate in the long run?

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The inflation rate r...

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