What relationship does the short-run phillips curve describe, Macroeconomics

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What relationship does the short-run phillips curve describe

Problem

1. What basic relationship does the short-run Phillips curve describe? What trade-offs does this relationship seem to offer policy makers?

2. What basic relationship does the long-run Phillips curve describe? Why does it differ from the short-run Phillips curve relationship?

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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Macroeconomics: What relationship does the short-run phillips curve describe

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Macroeconomics: What relationship does the short-run phillips curve describe

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