how does a phlips curve works
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The Phillips curve suggests there is an inverse relationship between inflation and unemployment. For example, if unemployment was high and inflation low, policymakers could stimulate aggregate demand. ... This would help to reduce unemployment, but cause a higher rate of inflation.
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Answer:
The Phillips curve suggests there is an inverse relationship between inflation and unemployment. For example, if unemployment was high and inflation low, policymakers could stimulate aggregate demand. ... This would help to reduce unemployment, but cause a higher rate of inflation.
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