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3. How do changes in the expected inflation rate account for the behavior of the Phillips curve...

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3. How do changes in the expected inflation rate account for the behavior of the Phillips curve in the 1960s, 1970s, and 1980s in the United States? What role do supply shocks play in explaining the behavior of the Phillips curve in the United States?

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Macroeconomics

Macroeconomics

ISBN: 126148

6th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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