The long-run Phillips Curve is essentially a horizontal line at the economy's natural rate of inflation.
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Q148: Supply-side economists contend that aggregate supply is
Q150: If wages and other input prices are
Q151: A stable Phillips curve does not allow
Q153: In the context of the Phillips curve,
Q154: The long-run aggregate supply curve stays in
Q156: Based on the long-run Phillips Curve, any
Q157: A rightward shift of the Phillips Curve
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