Give two reasons why there may be a short-run tradeoff, Microeconomics

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Give two reasons why there may be a short-run tradeoff

Problem

1. What is the difference between the short-run Phillips curve and the long-run Phillips curve? Use an aggregate supply and demand diagram to explain why there is a difference between them.

2. Give two reasons why there may be a short-run tradeoff between unexpected inflation and the unemployment rate.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Give two reasons why there may be a short-run tradeoff

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Microeconomics: Give two reasons why there may be a short-run tradeoff

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