An upward shift of the Phillips Curve is consistent with the occurrence of stagflation.
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Q13: If the government attempts to maintain full
Q14: In the long-run firms respond to the
Q16: The characteristics of the long-run Phillips Curve
Q17: Based on the long-run Phillips Curve, any
Q19: Most economists reject the idea of a
Q20: The long-run Phillips Curve is essentially a
Q21: Long-run equilibrium occurs where:
A)real output is greater
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Q103: The short-run aggregate supply curve shifts to
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