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    Economics Study Set 8
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    Exam 34: Inflation, Deflation, and Macro Policy
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    Use a Phillips Curve Diagram to Explain the Difference Between
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Use a Phillips Curve Diagram to Explain the Difference Between

Question 65

Question 65

Essay

Use a Phillips curve diagram to explain the difference between the macroeconomic policy positions of the quantity theorists and the institutionalists.

Correct Answer:

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The institutionalists favored expansiona...

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