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What action should the Bank of Canada take if it wants to move from a point on the short-run Phillips curve representing low unemployment and high inflation to a point representing higher unemployment and lower inflation?
Colbert
Jean-Baptiste Colbert was a French politician who served as the Minister of Finances of France under King Louis XIV, known for his policies that promoted mercantilism and the development of French industries.
French West Indies
Refers to the French-speaking Caribbean islands, including Martinique and Guadeloupe, part of France's overseas regions and known for their cultural blend of French and Caribbean influences.
Fur Trade
The trading of animal pelts (especially beaver skins) driven by the demand for hats and other clothing items in Europe and North America.
Iroquois
The federation of six Native American nations, originally in the northeastern United States, known for their political union and significant cultural contributions.
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