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Macro economic misery diminished during the first reagan administration, which means that the phillips curve'

User Mbcrump
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Had to look for the options and here is my answer. What it means when there is a decrease in the Macro economic misery during the first Reagan administration is that the Phillips Curve has shifted from right to left. This implies that there is an ease of the trade-off between the unemployment and inflation. Hope this answer helps.
User Rajendra Uppal
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