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As expected inflation decreases,the short-run Phillips curve
Major Hurricane
A hurricane classified as Category 3 or higher on the Saffir-Simpson scale, characterized by wind speeds of 111 mph or higher.
Increase in Supply
A situation where the quantity of a good or service available for sale at each price point rises, shifting the supply curve to the right.
Increase in Quantity
A rise in the amount of a certain good or service produced or supplied in the market.
Adoption of New Technology
The process by which new tools, systems, or services are embraced and utilized by individuals, businesses, or organizations.
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