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An ideal gas whose original temperature and volume are 27ºC and 0.283 m3 undergoes an isobaric expansion.If the final temperature is 87ºC,then the final volume is approximately
Long-Run Phillips
An economic concept suggesting that there is no long-term trade-off between inflation and unemployment, contrary to the short-run Phillips curve.
Monetary Neutrality
The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.
Classical Dichotomy
The theoretical separation of nominal and real variables
Short-Run Phillips
A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.
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