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Economics
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20 Oct 2020

According to the Philips curve, other things being equal, inflation depends positively on all of the following except

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Phillips Curve
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Vaishali Yadav
Vaishali YadavLv10
20 Oct 2020

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Related questions

The typical supply curve illustrates that:

A) other things equal, the quantity supplied for a good is inversely related to the price of a good.

B) other things equal, the supply of the good creates its own demand for the good.

C) other things equal, the quantity supplied for a good is positively related to the price of a good.

D) price and quantity supplied are unrelated.

The typical supply curve illustrates that:

A) other things equal, the quantity supplied for a good is inversely related to the price of a good.

B) other things equal, the supply of the good creates its own demand for the good.

C) other things equal, the quantity supplied for a good is positively related to the price of a good.

D) price and quantity supplied are unrelated. 

What is the meaning of "other things being equal"?

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