If output is above potential, so that
is positive, the change in the inflation rate will be negative, so inflation will fall over time.
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Q97: If Q98: If Q99: You are a staff economist with the Q100: According to the Phillips curve presented in Q101: What three premises does the short-run model Q103: An increase in planned investment expenditures is Q104: You are given the U.S. employment data Q105: How is a recession "officially" determined? Q106: A country with a steep Phillips curve Q107: Figure 9.8: Cyclical Unemployment: 1980-2015 ![]()
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