The Phillips Curve shows a positive relationship between the rate of inflation and the unemployment
rate.
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Q220: Q221: The long run aggregate supply curve is Q222: When the economy is experiencing cost-push inflation, Q223: The long-run Phillips Curve is essentially a Q224: According to the simple extended AD-AS model, Q226: A rightward shift of the Phillips Curve Q227: Demand-pull inflation and cost-push inflation have similar Q228: In the long run, the economy will Q229: In the context of the Phillips curve, Q230: According to the simple extended AD-AS model,
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