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    Principles of Economics Study Set 8
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    Exam 35: The Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    Use the Sticky-Wage Theory of Aggregate Demand to Explain the Short-Run
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Use the Sticky-Wage Theory of Aggregate Demand to Explain the Short-Run

Question 89

Question 89

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Use the sticky-wage theory of aggregate demand to explain the short-run Phillips curve.

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According to the sticky-wage theory, nom...

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