Do economists still believe in the menu view of the, Business Economics

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Do economists still believe in the menu view of the

A. Do economists still believe in the menu view of the Phillips Curve? What view has replaced the original view?

B. Given the new view of the Phillips Curve, why do economists believe that a "credible" inflation reducing policy is less costly than an "incredible" inflation reducing policy. (Use the Phillips Curve diagram in the answer)

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