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-If Input Price Changes Lag Behind Output Price Changes in Both

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  -If input price changes lag behind output price changes in both the long run and the short run what will be the shape of both the short-run and long-run Phillips curve? What consequence does this have for policy making?
-If input price changes lag behind output price changes in both the long run and the short run what will be the shape of both the short-run and long-run Phillips curve? What consequence does this have for policy making?


Definitions:

Stethoscope

A medical instrument used to listen to the sounds made by the heart, lungs, and other organs in the body.

Triglyceride

A type of fat (lipid) found in your blood, originating from foods or produced by the body, used for energy or stored as fat.

Venipuncture

The process of puncturing a vein with a needle to withdraw blood or administer medication.

Aneurysm

An abnormal bulge or ballooning in the wall of a blood vessel, which can be life-threatening if it ruptures.

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