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step by step good explanations please! Q9. One of the best short papers ever written in economics is called: Japan's Phillips Curve Looks Like Japan,

step by step good explanations please!

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Q9. One of the best short papers ever written in economics is called: "Japan's Phillips Curve Looks Like Japan", and it contains the following graphs: Figure 2: Japan's Inflation Rate and (Minus) Unemployment Rate January 1980 to August 2005 Japan 10 7 8 - 4 CPI inflation rate 2 US -2 N W- - unemployment rate Why do you think the author (Gregor Smith) made his argument

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