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two factorscausethe Phillips curve to shift
An increase in inflation expectationscausesan upward shift in the Phillips curve
the kind of shock you 're talking about(passive) caused bya shift in the Phillips Curve
Credible and effective policies to keep on top of inflation can have the beneficial effect of reducing inflation expectationscausinga downward shift in the Phillips Curve
Credible policies to keep on top of inflation can also have the beneficial effect of reducing inflation expectationscausinga downward shift in the Phillips Curve
the result of changes in aggregate supply(passive) are caused byShifts of the Phillips curve
• Cost push inflation and built in inflationwill leadto shifts in the Phillips curve
changes in inflationary expectationscauseshifts in the Phillips curve
a Shift in the SRAS curvewill causea Shift of the Phillips Curve
Aggregate supply shocks , such as increases in the costs of resourcescan causethe Phillips curve to shift
These earlier breakdowns ... the framework — such as controlling for oil price shocks ( or other supply shockscausedthe Phillips curve to shift
to which of the followingwill leadto which of the following
Stagflation(passive) was caused byStagflation
to a higher inflation ratewould leadto a higher inflation rate
to lower tradeoff , higher efficiency gainsthus leadingto lower tradeoff , higher efficiency gains
to changes in monetary policyhave ledto changes in monetary policy
long before Friedman ’s 1968 articlewas discoveredlong before Friedman ’s 1968 article
economic growthDoes ... resulteconomic growth
not to lower unemployment at the cost of higher inflation but instead to the worst of both worldslednot to lower unemployment at the cost of higher inflation but instead to the worst of both worlds
out in this papersetout in this paper
from it ... and critique the part played by the ‘ New Keynesian Phillips Curve ’ in the New neo - Classical Synthesis that has emerged in macroeconomicsresultedfrom it ... and critique the part played by the ‘ New Keynesian Phillips Curve ’ in the New neo - Classical Synthesis that has emerged in macroeconomics
actually rediscovereddiscoveredactually rediscovered