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10 questions from this quiz
Shift LRAS right for non-inflationary growth
Market-based and interventionist policies
Improve efficiency via competition & profit
Discourages work, reducing aggregate supply
Price falls from P0P_0P0 to P1P_1P1
Has public goods characteristics
Inverse relationship: unemployment & inflation
High unemployment & high inflation together
Non-accelerating-inflation rate of unemp.
Stabilise macroeconomy in short run
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