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    Economics Study Set 7
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    Exam 23: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
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    One Factor That Explains the Short-Run Tradeoff Between Inflation and Unemployment
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One Factor That Explains the Short-Run Tradeoff Between Inflation and Unemployment

Question 63

Question 63

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One factor that explains the short-run tradeoff between inflation and unemployment is labor contracts that fix wages for an extended period of time.

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