The original Phillips Curve trade-offs between inflation and unemployment become complicated over time if the natural rate of unemployment changes.
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Q237: The original Phillips Curve shows an immediate
Q238: If the Phillips Curve is always true,
Q239: Periods of high unemployment and high inflation
Q240: The cost-push story of inflation is not
Q241: Demand-pull inflation requires an accompanying increase in
Q243: When there is demand-pull inflation, cyclical unemployment
Q244: The original Phillips Curve trade-offs between inflation
Q245: Energy price increases are a positive supply
Q246: Energy price increases are a negative supply
Q247: Natural disasters are a positive supply shock.
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