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Using a short-run Phillips Curve, illustrate the change in inflation and unemployment resulting from the increase in profit expectations.
ABSOLUTE ADVANTAGE
In a particular month, the labor force is 130 million, there are 9.1 million unemployed workers, the job -losing rate is 3% per month, and the job-finding rate is 40% per month. Ho
asiignment on ppc
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Aggregate demand with inflation In previous versions of Keynesian model, Components of aggregate demand did not depend on P. In IS-LM and in AS-AD models, investments depended
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