-If input price changes lag behind output price changes in both the long run and the short run what will be the shape of both the short-run and long-run Phillips curve? What consequence does this have for policy making?
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Q93: Explain how inflationary expectations affect the Phillips
Q94: Q95: Draw a graph of a long-run Phillips Q96: The relationship between the inflation rate and Q97: Explain why in the case of a Q99: If aggregate supply decreases and aggregate demand Q100: What was the nature of the doubts
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