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What relationship does the Phillips Curve show in the short run? How about in the long run? What causes the difference between the long-run and

What relationship does the Phillips Curve show in the short run? How about in the long run? What causes the difference between the long-run and short-run Phillips Curve? Give examples of when an economy demonstrated the relationship prescribed by the Phillips Curve and when an economy was opposite to what the Phillips Curve would predict.

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