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Give an impact on short-run Phillips Curve for the following changes.

describe 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.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921661

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