Question: Q; Use the Phillips curve to explain stagflation. Explain 2 possible toys that can be used to stop stagflation and any negative side effects these

Q; Use the Phillips curve to explain stagflation. Explain 2 possible toys that can be used to stop stagflation and any negative side effects these 2 toys can have.

{SOURCES: Carlin, W. and Soskice, D., 2005. Macroeconomics: imperfections, institutions, and policies. Phillips curve (Unemployment & Price level stability)}

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