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    Economics Study Set 7
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    Exam 23: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
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    The Long Run Phillips Curve Assumes That Every Unemployed Worker
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The Long Run Phillips Curve Assumes That Every Unemployed Worker

Question 7

Question 7

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The long run Phillips curve assumes that every unemployed worker who is looking for a job has a constant reservation wage.

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