EBK MACROECONOMICS
EBK MACROECONOMICS
13th Edition
ISBN: 8220106847848
Author: PARKIN
Publisher: Pearson Education (US)
Question
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Chapter 12, Problem 7SPA

(a)

To determine

Explain the Philips curve model.

(b)

To determine

Identify the changes in the short-run Philips curve (SRPC) and a long-run Philips curve (LRPC).

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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