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Economics A Level (DONEEEEEEE)
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Pregunta:
What does the Short Run Phillips Curve show?
Autor: eric_galvaoRespuesta:
-This shows a Trade-Off between Inflation and Unemployment, as A.W Phillips had found when plotting Historical Inflation and Unemployment Rates -If the government wanted to Reduce Unemployment, it could Increase AD and accept Higher Inflation.
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eric_galvao