Question
Are the effects of an increase in aggregate demand in the AD-AS model consistent with the phillips curve? Explain. Discuss the factors determining the slope
Are the effects of an increase in aggregate demand in the AD-AS model consistent with the phillips curve? Explain.
Discuss the factors determining the slope of the short-run phillips curve. Is the linear shape appropriate? why or why not?
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Land Economics Research
Authors: Joseph Ackerman, Marion Clawson, Marshall Harris
1st Edition
1317340426, 9781317340423
