The long-run aggregate supply curve stays in a fixed position over time.
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Q229: In the context of the Phillips curve,
Q230: According to the simple extended AD-AS model,
Q231: A stable Phillips curve does not allow
Q232: The policy implication of the long-run Phillips
Q233: In the short run, output increases in
Q235: If the government adopts a hands-off policy
Q236: According to the simple extended AD-AS model,
Q237: According to the simple extended AD-AS model,
Q238: In the short run, demand-pull inflation will
Q239: The implication of the long-run Phillips Curve
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