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    Macroeconomics Study Set 30
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    Exam 12: Monetary Policy and the Phillips Curve
  5. Question
    Figure 12.16: Output
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Figure 12.16: Output

Question 30

Question 30

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Figure 12.16: Output Figure 12.16: Output   -Explain how misunderstanding potential real GDP can lead to the wrong monetary policy.
-Explain how misunderstanding potential real GDP can lead to the wrong monetary policy.

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Consider Figure 12.16. In this case the ...

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