inflation quizlet

What Is The Relationship Between Inflation And Unemployment In The Long Run?

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What Is The Relationship Between Inflation And Unemployment In The Long Run? Key term Definition long-run Phillips curve (“LRPC”) a curve illustrating that there is no relationship between the unemployment rate and inflation in the long-run; the LRPC is vertical at the natural rate of unemployment. What is the relationship between inflation and unemployment in

What Actions Could The Federal Reserve Take To Reduce The Inflation Rate?

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What Actions Could The Federal Reserve Take To Reduce The Inflation Rate? The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down. What actions by the federal government would reduce inflation? Governments can use