Periods of low unemployment and high inflation are called stagflation.
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Q224: The original Phillips Curve suggests it is
Q225: Which is not part of the story
Q226: The organization responsible for 1973 increases in
Q227: Demand-pull inflation is caused by
A) positive demand
Q228: The original Phillips Curve
A) shows an immediate
Q230: Which is not part of the story
Q231: Economists believed in a clear tradeoff between
Q232: The original Phillips Curve suggests it is
Q233: The demand-pull story of inflation is not
Q234: Wages tend to fall, or at least
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