Explain using diagram how short-run and long-run Phillips curve differ? 50 words) Suppose the economy is in long-run equ

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Explain using diagram how short-run and long-run Phillips curve differ? 50 words) Suppose the economy is in long-run equ

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Explain using diagram how short-run and long-run Phillips curve
differ? 50 words) Suppose the economy is in long-run equilibrium.
Suppose there is an advancement in technology enabling production
of fuel from plastic waste. Show the effect of this advancement in
technology with a new diagram like that in part (a).
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