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Historical evidence suggests that Part 2 A. the Phillips curve is horizontal. B. once policy makers attempted to exploit a short-run Phillips curve trade-off, it
Historical evidence suggests that Part 2 A. the Phillips curve is horizontal. B. once policy makers attempted to exploit a short-run Phillips curve trade-off, it disappeared. C. shifts in long-run aggregate supply do not affect real output. D. inflation rates are lowest when unemployment rates are also low
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