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Explain how the modern Phillips curve and the short-run aggregate supply curve are related to each other.
Personally Liable
Being directly responsible for fulfilling a financial obligation or settling a debt from personal assets.
Stock Dividend
A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.
Revoked
To take back, withdraw, or annul an offer, right, or privilege.
Investment Grade
A rating that indicates a low to moderate risk of default for bonds and other securities, suggesting they are a secure investment.
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