8. Some economists believe that the short-run Phillips curve is relatively steep and shifts quickly in response

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8. Some economists believe that the short-run Phillips curve is relatively steep and shifts quickly in response to changes in the economy. Would these economists be more or less likely to favour contractionary policy in order to reduce inflation than economists who had the opposite views?

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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