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UIECON 103PetrySpring

ECON 103 Study Guide - Final Guide: Comparative Advantage, Gdp Deflator, Nairu

OC4733784 Page
75
Consumption a = autonomous consumption. Real interest rate r = interest rate. Slope of ae line: (mpm only exists in an open economy) M = stock of money
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UIECON 103PetrySpring

ECON 103 Final: Graphs to Know

OC4733785 Page
78
Short- run phillips curve: shows the inverse relationship between unemployment rate and inflation rate. Represents the trade- off between inflation and
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