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The Phillips curve hypothesis provides support for active stabilization policies. Explain in words and illustrate using a graph of aggregate-demand and aggregate supply.
Average Score
The numerical average obtained by dividing the sum of all scores by the number of scores.
T Test
A statistical analysis method that evaluates if there's a significant difference between the average values of two distinct groups.
Null Hypothesis
A hypothesis that suggests there is no statistical significance in a set of given observations, serving as a default position until evidence suggests otherwise.
Research Hypothesis
A specific, testable prediction about the outcome of a scientific study based on theory or prior research.
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