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    Macroeconomics Study Set 39
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    Exam 14: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    How Does the Phillip Curve Explain the Tradeoff Between the Unemployment
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How Does the Phillip Curve Explain the Tradeoff Between the Unemployment

Question 98

Question 98

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How does the Phillip curve explain the tradeoff between the unemployment and inflation? Illustrate with a graph.

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The Phillips curve is used to analyze un...

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