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Short Run Phillips Curve
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Short Run Phillips Curve
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21. Revisiting Inflation, Unemployment, and Policy / Short Run Phillips Curve / Problem 4
Problem 4
How is the short run Phillips Curve derived from the ADAS model?
A
By plotting GDP and interest rates from different aggregate supply scenarios.
B
By examining the direct relationship between inflation and GDP.
C
By plotting inflation and unemployment rates from different aggregate demand scenarios.
D
By analyzing the relationship between price levels and GDP.
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