Impact on short-run phillips curve

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Reference no: EM1314376

Explain what happens to the position of the nation's short-run Phillips Curve if the following events occur:

a. The Federal Reserve announces its intentions to reduce the inflation rate to zero.

b. The portion of the population in the 25-50 year old age brackets increases

c. Immense oil fields are discovered off the coast of Oregon.

Reference no: EM1314376

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