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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 35: The Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    Just as the Aggregate-Demand Curve Slopes Downward Only in the Short
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Just as the Aggregate-Demand Curve Slopes Downward Only in the Short

Question 143

Question 143

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Just as the aggregate-demand curve slopes downward only in the short run, the trade-off between inflation and unemployment holds only in the long run.

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