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Role of expectations

Macroeconomics The Phillips Curve Role of expectations

Questions

  • Within the Phillips curve, how are inflation and unemployment levels related?
  • How does aggregate demand affect the phillips curve?
  • Why are expectations of future inflation important to the economy?

The Phillips Curve

View all chapters
  • Short-run and long-run Phillips curves
  • Demand-pull versus cost-push inflation
  • Role of expectations
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