What is the phillips curve understand why positive, Ask an Expert

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What is the Phillips curve? Understand why positive unexpected inflation is associated with a negative output gap and vice-versa. Understand why combining the Phillips Curve with adaptive expectations of inflation means that Y above Y* will mean ever-increasing inflation and Y below Y* will mean ever-decreasing inflation.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91914910

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