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Alika [10]
3 years ago
13

How might the inflationary flashpoint affect policy decisions? How would you represent the flashpoint on the Phillips curve?

Business
1 answer:
NNADVOKAT [17]3 years ago
5 0

Answer:

  • Effect of inflationary flashpoint : Economic policies become tightened
  • At the point where Unemployment is lowest in the Philips curve represents The flashpoint in Philips curve

Explanation:

Inflationary flashpoints are the points where the aggregate supply curve experiences a very rapid/sharp increase

The Inflationary Flashpoint can affect policy decisions in ways that it will lead to an increase in unemployment caused by the increase in Inflation, and this will cause the economic policies to become tightened in order to curb the effects of Inflationary flashpoints

The Inflationary flashpoint is represented in the Philips Curve ( relationship between the inflation and unemployment rate ) at the point where Unemployment is lowest in the curve  

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Answer:

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When a monopolistically competitive firm is in long-run equilibrium, a. marginal revenue is equal to marginal cost. b. average t
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Answer:

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