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d. Given the new view of the Phillips Curve, why do economists believe that a credible inflation reducing policy will be less costly than an
d. Given the new view of the Phillips Curve, why do economists believe that a "credible" inflation reducing policy will be less costly than an "incredible" inflation reducing policy. (Using a Phillips Curve diagram in your answer.)
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
