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Mark Lorenzo

agrega un archivo Financial Services
2023-03-17 20:08:51 -

The Phillips curve in the Keynesian perspective
Key points A Phillips curve shows the tradeoff between unemployment and inflation in an economy. Keynesian macroeconomics argues that the solution to a recession is expansionary fiscal policy that shifts the aggregate demand curve to the right. The other side of Keynesian policy occurs when the economy is operating above potential GDP. In this situation, unemployment is...

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