Define phillips curve, Define Phillips curve suppose the

Define phillips curve

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Reference no: EM1368207

1. Define Phillips curve? Assuming the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?
2. Consider this statement: "Banks do not create money because this is the Fed's responsibility". Do you agree or disagree?
3. What are some problems faced by the Fed in controlling the money supply?

Reference no: EM1368207

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Define phillips curve : Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?

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