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A Phillips curve shows the relationship between
Fixed Costs
Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.
Relevant
Pertinent or closely connected to the matter at hand, often used in the context of information or data.
Operating at Capacity
The state of a business or a machine functioning at its maximum output or efficiency.
Maximum Rate
The highest possible level or speed at which something can be achieved or occurs, often used in the context of production or performance.
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