erIn 2017, nearly 3.5% of Vietnamese imports constituted of refined oil. If the price of oil rises significantly, whateffect would this have on the Phillips curve in Vietnam?Real interest rateUnexpected inflationDecreasedInterraOutput gepcandOutput gapOutput gepUnexpected inflation angcostsOutput gap

The Phillips curve, introduced by economist A.W. Phillips in the 1950s based on empirical…

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effect would this have on the Phillips curve

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

er
In 2017, nearly 3.5% of Vietnamese imports constituted of refined oil. If the price of oil rises significantly, what
effect would this have on the Phillips curve in Vietnam?
Real interest rate
Unexpected inflation
Decreased
Interra
Output gep
cand
Output gap
Output gep
Unexpected inflation ang
costs
Output gap

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