Draw the short-run Phillips curve and the long-run Phillips curve. Explain why they are different.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:22 AM

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Draw the short-run Phillips curve and the long-run Phillips curve. Explain why they are different.

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Figure shows the shortrun Phillips curve and the longrun P...View the full answer

Principles of economics

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