A vertical aggregate supply curve implies a vertical Phillips curve.

Name: A vertical aggregate supply curve implies a vertical Phillips curve.
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A vertical aggregate supply curve implies that changes in aggregate demand do not affect the level of output or employment in the economy. As there is no relationship between output and inflation in the short run, the Phillips curve is also vertical. This means that changes in aggregate demand cannot influence the rate of inflation in the short run.

A Vertical Aggregate Supply Curve Implies a Vertical Phillips Curve