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What Happened to Aggregate Supply and the Phillips Curve in the Mid-

question 20

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What happened to aggregate supply and the Phillips curve in the mid- and late 1990s?


Definitions:

Support for Creativity

Assistance or encouragement provided to foster innovation and original thinking.

Implementation and Diffusion

The process by which new ideas, practices, or innovations are put into use and spread within an organization or society.

Decision-making Model

A structured process for making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Generation

A group of individuals, born and living around the same time, who share similar cultural experiences or characteristics.

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