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Social Studies, 04.02.2020 15:48 khloenm309
Suppose an economy is operating with an inflationary gap. in this case, policymakers would seek to move the economya) back down the phillips curve, trading a reduction in unemployment for an increase in inflation. b) up the phillips curve, trading a reduction in unemployment for an increase in inflation. c) back down the phillips curve, trading a reduction in inflation for an increase in unemployment. d) up the phillips curve, trading a reduction in inflation for an increase in unemployment.
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