Lecture Macroeconomics (19/e) - Chapter 18: Extending the analysis of aggregate supply

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Lecture Macroeconomics (19/e) - Chapter 18: Extending the analysis of aggregate supply

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After reading this chapter, you should be able to: Explain the relationship between short-run aggregate supply and long-run aggregate supply; discuss how to apply the "extended" (short-run/long-run) AD-AS model to inflation, recessions, and economic growth; explain the short-run trade-off between inflation and unemployment (the Phillips Curve);...

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