How are inflationary expectations and the Phillips curve related?
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Q179: Suppose the money supply was £7 billion
Q180: Explain the term 'full- employment GDP'.
Q181: Outline two changes in an economy that
Q182: What is the Phillips curve?
Q183: Define the natural rate of unemployment (or
Q185: The Phillips curve indicates that there is
Q186: Why is the adaptive expectations theory of
Q187: What is stagflation?
Q188: What factors are now considered important by
Q189: According to New Classical economists, what happens
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