According to the original Phillips Curve, if there is an increase in the inflation rate, unemployment will decrease.
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Q245: Energy price increases are a positive supply
Q246: Energy price increases are a negative supply
Q247: Natural disasters are a positive supply shock.
Q248: Cost-push inflation requires an accompanying increase in
Q249: Supply shocks directly affect businesses' costs, prices,
Q250: In a cost-push inflation, rising average prices
Q251: Rising energy prices are consistent with the
Q252: Natural disasters are a negative supply shock.
Q253: In a cost-push inflation, rising average prices
Q255: Overtime pay is consistent with the demand-pull
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