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Lecture Economics (18th edition): Chapter 35 - McConnell, Brue, Flynn's
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Chapter 35 - Extending the analysis of aggregate supply. In this chapter, students will be able to understand: Explain the relationship between short-run aggregate supply and long-run aggregate supply; discuss how to apply the "extended" (short-run/long-run) AD-AS model to inflation, recessions, and economic growth; explain the short-run trade-off between inflation and unemployment (the Phillips Curve);.