PRINC OF ECONOMICS PKG >CUSTOM<
7th Edition
ISBN: 9781305018549
Author: Mankiw
Publisher: CENGAGE C
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Question
Chapter 35.2, Problem 2QQ
To determine
To determine: The difference between short-run and long-run Phillips curves.
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Draw the short run phillips curve and long run phillips curve, explain why they are different?
Does the short-run Phillips curve have a positive or negative slope? Explain how this slope is derived.
Draw a short run Phillips curve and show the slope of the curve and thenexplain what it implies for the policy makers?
Chapter 35 Solutions
PRINC OF ECONOMICS PKG >CUSTOM<
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