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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 16: The Policy Debate: Active or Passive
  5. Question
    Before Discovering That the Short-Run Phillips Curve Does Not Show
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Before Discovering That the Short-Run Phillips Curve Does Not Show

Question 23

Question 23

True/False

Before discovering that the short-run Phillips curve does not show the true long-run situation,policy makers were successful in trying to bring the economy to the zero-inflation,zero-unemployment point on the short-run curve.

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