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Homework help pleas… - QuestionCove
OpenStudy (ellecullen):

Homework help please: Stagflation is inconsistent with the idea of the original Phillips curve because (a) the original Phillips curve suggested that higher inflation meant lower, rather than higher, unemployment. (b) stagflation means that the Phillips curve actually has a positive slope. (c) stagflation means the Phillips curve is vertical. (d) inflation and unemployment rarely increase at the same time.

2 years ago
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