Question
Briefly, 1. Describe what the augmented Phillips curve shows in terms of movement along the curve vs movement of the curve itself in and out.
Briefly, 1. Describe what the augmented Phillips curve shows in terms of movement along the curve vs movement of the curve itself in and out. 2. Interpret movement along the curve and of the curve itself using the AS-AD model. 3. What type of recessions are explained in the Phillips curve, and what types are not?
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
