Bundle: Principles Of Economics, Loose-leaf Version, 8th + Lms Integrated Mindtap Economics, 1 Term (6 Months) Printed Access Card
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Chapter 35, Problem 1QR
To determine

Short-run Phillips curve.

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Draw the short-run trade-off between inflation and unemployment. How might the Fed move the economy from one point on this curve to another?
How do changes in aggregate demand and aggregate supply might cause inflation in the economy?
Explain why a sudden, large burst of inflation could lead to a recession?
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