question archive 2) In the 1990s, the U

2) In the 1990s, the U

Subject:EconomicsPrice: Bought3

2) In the 1990s, the U.S. experienced a period of high output growth and low inflation, contrary to the "Philips Curve" view of the economy in which output and inflation move in the same direction. In a couple of sentences, give a likely explanation. In an AS/ AD framework, how might this have occurred? (10 points)

 

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