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Refer to the diagram. Point b on short-run Phillips Curve PC represents a rate of unemployment above the natural rate. inflation above the natural
Refer to the diagram. Point b on short-run Phillips Curve PC represents a rate of unemployment above the natural rate. inflation above the natural rate. inflation below the natural rate. unemployment below the natural rate. Inflation Rate (%) 0 P U PCLR 2 Unemployment Rate (%) poz PC
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
