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Title: For this question, assume that the Phillips curve equation is represented by the following equation: ... Post by: Roar on Sep 15, 2017 For this question, assume that the Phillips curve equation is represented by the following equation:
πt - πt-1 = (m + z) - αut. A reduction in the unemployment rate will cause A) a reduction in the markup over labor costs (i.e., a reduction in m). B) an increase in the markup over labor costs. C) an increase in the inflation rate over time. D) a decrease in the inflation rate over time. E) none of the above Title: Re: For this question, assume that the Phillips curve equation is represented by the following ... Post by: vonCOLLINZO on Sep 15, 2017 Content hidden
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