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For the short-run Phillips curve to remain relatively stable, then changes in real GDP must occur primarily as a result of shifts in:
Prediction
The act of forecasting or projecting future events based on current or past information.
Misery Loves Company
A common phrase indicating that people who are unhappy may get consolation from knowing others are unhappy too.
Hypothesis
A proposed explanation for a phenomenon, made as a starting point for further investigation, often based on limited evidence as a preliminary view.
Variable
An element, feature, or factor that is liable to vary or change; it's a core concept in scientific research and statistical analysis.
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