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Only the short-run Phillips curve is downward sloping because
Military Interventions
Military interventions are actions undertaken by a nation's military forces to intervene in the affairs of another country, often to enforce international mandates, protect interests, or support allies.
Stability
The state of being steady and unchanging, often used to describe economic, political, or social conditions that are consistently reliable and free from upheaval or disorder.
Panama Canal Zone
The small strip of land on either side of the Panama Canal. The Canal Zone was under U.S. control from 1903 to 1979 as a result of Theodore Roosevelt’s assistance in engineering a coup in Colombia that established Panama’s independence.
International Progressivism
A political and social movement that advocates for reforms on a global scale, focusing on issues like environmental protection, human rights, and economic inequality.
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