Why was the original Phillips curve relationship between inflation and unem ployment frequently observed historically, as in

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■ Why was the original Phillips curve relationship between inflation and unem ployment frequently observed historically, as in the cases of Great Britain in the century before 1958 and the United States in the 1960s?

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Macroeconomics

ISBN: 9781292446127

11th Edition

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

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