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    short-run and long-run with Philip Curve

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    Provide a theoretical and graphical explanation of the Philip Curve. Distinguish between short-run and long-run and consider the role of expectations and credibility and the natural rate of unemployment.

    © BrainMass Inc. brainmass.com October 9, 2019, 5:54 pm ad1c9bdddf
    https://brainmass.com/economics/inflation/short-run-long-run-philip-curve-72018

    Solution Summary

    This job gives a theoretical and graphical explanation of the Philip Curve.

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