Problem
1. What does the Phillips curve show?
2. How did Keynesians attempt to reduce unemployment?
3. What is NAIRU?
7. In ‘new' macroeconomic models, what effect will an increase in aggregate supply have on prices and unemployment?
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.