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What would their indifference curves look like

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Problem

This is related to economics. The following question is about the figure below: Suppose a policymaker only cared about low unemployment. What would their indifference curves look like? Which place on the Phillips curve would that person make their choice? In the event that the policymaker only cared about low inflation, what would the indifference curves look like? This policymaker would pick which point on the Phillips curve?

Reference no: EM133713052

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