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(Solved): answer requires two graphs please don't answer with one graph. thank you 1. The Phillips Curve in th ...



answer requires two graphs please don't answer with one graph. thank you 1. The Phillips Curve in the book shows the relationship between the change in the inflation rate \Delta \pi and the short-run deviation from potential output Ỹ. The original Phillips curve showed the relationship between the inflation rate \pi and the unemployment rate u. Draw a graph representing both the Phillips curve presented in the book and the Phillips curve as originally formulated.



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