What factors cause the phillips curve to shift

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1. What factors cause the Phillips curve to shift?

2. What is Okun's law? How can Okun's law be used to derive an output gap Phillips curve?

3. A columnist in the Wall Street Journal argues: "Whether you're a borrower or a saver, what matters isn't the nominal interest rate but the ‘real,' post-inflation rate of return." Do you agree? Briefly explain.

Reference no: EM131303776

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