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Consider following Philips Curve. Am 2 17$ + 5 . Draw Philips curve. (Xaxis: l? yaxis: Air) 7 hat is the slope and y-intercept 0f
Consider following Philips Curve. Am 2 17$ + 5 . Draw Philips curve. (Xaxis: l?\" yaxis: Air) \"7 hat is the slope and y-intercept 0f the curve? . What is the impact of the 17 change? Should government perform a more aggressive policy to stabilize the ination rate with high 17 or low 17? If so, why? . Suppose there is an inflation shock because a war increased oil prices. (o>0) 1What is the impact of the oil price shock? (Use Philips curve graph)
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