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................................ Question 46 a. Are the effects of an increase in aggregate demand in the AD-AS model consistent with the Phillips curve? Explain. Not yet

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Question 46 a. Are the effects of an increase in aggregate demand in the AD-AS model consistent with the Phillips curve? Explain. Not yet answered b. Discuss the factors determining the slope of the short-run Phillips curve. Is the linear shape appropriate? Why or why not? Marked out of 8.0 Flag question 7 i y B E

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