Suppose a permanent downward-sloping Phillips curve existed and offered a menu of choices of different combinations of

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Suppose a permanent downward-sloping Phillips curve existed and offered a menu of choices of different combinations of inflation and unemployment rates to policy makers. How do you think society would go about deciding which point on the Phillips curve it wanted to occupy?

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Macroeconomics

ISBN: 9780324785500

9th Edition

Authors: Roger A. Arnold

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