Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN: 9781305585126
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 35, Problem 1QR
To determine

Short-run Phillips curve.

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How do changes in aggregate demand and aggregate supply might cause inflation in the economy?
Draw the short-run trade-off between inflation and unemployment. How might the Fed move the economy from one point on this curve to another?
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