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Economics Year 13 revision Day 17 - Phillips Curve

Economics Year 13 revision Day 17 - Phillips Curve

On day 17 of the Year 13 Recap we review the theory of the Phillips Curve and discuss the importance of this theory for policymakers.

At the heart of macroeconomic policy decisions are the Government’s central macroeconomic objectives. These objectives exist to provide a framework for policymakers to achieve the type of growth and performance levels that are needed if real benefits to the economy are going to be generated.

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