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Refer to the graph shown. Which of the graphs correctly depicts the short-run Phillips curve in the standard model without trade?
Distribution
In statistics, a mathematical representation of the observed or possible frequencies of occurrences of a range of outcomes.
Normally Distributed
A statistical term describing data that fall into a symmetrical, bell-shaped curve where most observations cluster around the mean.
Standard Deviation
An analytical tool that assesses the level of diversity or deviation of data points from their central value.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.
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