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    Economics-Macroeconomics
  4. Exam
    Exam 12: The Business Cycle, Inflation, and Deflation
  5. Question
    "The Short-Run Phillips Curve Shifts Leftward When the Inflation Rate
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"The Short-Run Phillips Curve Shifts Leftward When the Inflation Rate

Question 86

Question 86

Essay

"The short-run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?

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The statement is incorrect. An...

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