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-If the Phillips Curve Is Vertical in the Long Run

Question 73

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-If the Phillips curve is vertical in the long run, what can be said about the trade-off between inflation and unemployment? What impact does your answer have on the government's expansionary fiscal policy effort to reduce unemployment?
-If the Phillips curve is vertical in the long run, what can be said about the trade-off between inflation and unemployment? What impact does your answer have on the government's expansionary fiscal policy effort to reduce unemployment?

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