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Philips curve is at the center of economic policy making?
a. What is the expectations agumented Philip curve and what does it imply about the links of inflation to the rest of the economy?
b. What is the main difference between adaptive and rational expectations? explain algebrically and conceptually
c. How does the philips curve relateto agressive supply ? please provide an algebric and conceptual explanation of the links between these two macroeconomic concepts.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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