4. Can policymakers exploit the Phillips curve relation- ship by trading more inflation for less unemployment in

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4. Can policymakers exploit the Phillips curve relation- ship by trading more inflation for less unemployment in the short run? In the long run? Explain both the classical and Keynesian points of view.

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Macroeconomics

ISBN: 126148

6th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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