In the Phillips curve,
represents a change in government spending.

Name: In the Phillips curve, represents a change in government spending.
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Question

In the Phillips curve,  
represents a change in government spending.

Quizplus · Accepted Answer

In the Phillips curve, 11eab38d_0710_97da_a5fb_b9df0366aae6_TB6622_11 represents the unemployment rate, while changes in government spending can affect the Phillips curve by shifting the aggregate demand and potentially changing the overall level of inflation and unemployment in the economy.

In the Phillips Curve