The trade off between unemployment and inflation shown by the Phillips curve is a short run outcome.
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Q58: In which of the following cases is
Q59: Which of the following groups of economists
Q60: The UK in?ation target is _.
A) 0.5
Q61: The short-run Philips curve shifts downwards when
Q62: The long run aggregate supply curve shows
Q64: When the aggregate demand in an economy
Q65: Rigidities in the adjustment process to full
Q66: The natural rate of unemployment varies with
Q67: When the short run GDP and the
Q68: While inflation reduces real values, deflation increases
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