Suppose the slope of the Phillips curve the parameter increases. How would the results

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Suppose the slope of the Phillips curve — the parameter  — increases. How would the results differ from the Volcker disinflation example considered in the chapter? What kind of changes in the economy might influence the slope of the Phillips curve?
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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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