Flatter the short-run aggregate supply curve, flatter is the Phillips curve.
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Q97: The level of potential output and natural
Q98: The long-run Phillips curve is horizontal at
Q99: The speed with which the economy moves
Q100: The success of monetary policy is unaffected
Q101: The Phillips curve suggests that a positive
Q103: Changes in expected inflation can explain why
Q104: The Taylor rule only takes inflation into
Q105: A temporary supply shock changes potential output.
Q106: The equilibrium inflation rate in the economy
Q107: High real interest rates can cause further
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