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The Phillips curve in the Keynesian perspectiveKey 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...0 Σχόλια 0 Μοιράστηκε 12χλμ. Views 0 Προεπισκόπηση
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What Is Supply and Demand?What Is Supply and Demand? Supply and demand is one of the most basic and important ideas in economics. It explains how prices are set in markets and why they change over time. Whether you are buying food, choosing a phone plan, or understanding why concert tickets are expensive, supply and demand is at work. At its core, this concept describes the relationship between how much of a product or...0 Σχόλια 0 Μοιράστηκε 182 Views 0 Προεπισκόπηση