A Philips curve is represented by the following relationship: T 10(U-U) +s where sis a supply shock tem, on average equal to zero. Draw the Philips curve when l-7% and underlying inflation 3% and...

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Answer 1

Answer #1

The given infomation 13+5 LRP IT-0 (u-1)+S SRPC2 SRPC 7,3 7.6 2000 i- (TT)2000 + 20005-y-lo

Answer 2

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