The original Phillips Curve is consistent with a demand-push story of inflation.
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Q231: Economists believed in a clear tradeoff between
Q232: The original Phillips Curve suggests it is
Q233: The demand-pull story of inflation is not
Q234: Wages tend to fall, or at least
Q235: The original Phillips Curve is consistent with
Q237: The original Phillips Curve shows an immediate
Q238: If the Phillips Curve is always true,
Q239: Periods of high unemployment and high inflation
Q240: The cost-push story of inflation is not
Q241: Demand-pull inflation requires an accompanying increase in
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