Explain the cause and effect chain for short and long run, Microeconomics

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Explain the cause and effect chain for short and long run

Discussion:

How are employment and inflation impacted during the flexible wage period in the long run>

How might the natural rate of ubemployment be changed as reflected in shift of LRPC?

Explain the cause and effect chain for the short and long run phillips curve when personal income taxes increase.

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Microeconomics: Explain the cause and effect chain for short and long run

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Microeconomics: Explain the cause and effect chain for short and long run

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