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In: Economics

1. What is Phillip Curve? How to derive from AS - AD model? In what circumstances,...

1. What is Phillip Curve? How to derive from AS - AD model? In what circumstances, PC will move right or left?

What are the different views of Phillips Curve between classical economic and Keynesian economics? Why ?

2. What is Stagflation? When does stagflation happen? Demand-pull or cost-push? Why?

What fiscal or monetary policies can the government adopt to eliminate stagflation? Please accompany by graphic instructions.

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Dear student/learner, According to our protocol I am obliged to solve only one question. you can post the second question separately. It would be our pleasure to help you solve the second question. it was my great pleasure to help you solving this problem. I wish you best luck for your learning endeavour.
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Rahul Sunny answered 9 months ago
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