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Actual price level introduction - PowerPoint PPT Presentation

Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

14. Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment. IN THIS CHAPTER, YOU WILL LEARN:. two models of aggregate supply in which output depends positively on the price level in the short run

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Chapter 12: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Chapter 12: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment. two models of aggregate supply in which output depends positively on the price level in the short run about the short-run tradeoff between inflation and unemployment known as the Phillips curve.

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530 views • 34 slides

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Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Chapter 12: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment