Many economists believe that the aftermath of the COVID-19 pandemic for the economy could be stagflation, which can be illustrated by …

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leftward shift of the Phillips curve, indicating that employment and inflation increased.

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a movement along the Phillips curve, indicating a decrease in inflation and increase in unemployment.

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rightward shift of the Phillips curve, showing an increase in inflation and unemployment.

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a movement along the Phillips curve, showing an increase in inflation and decrease in unemployment.

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