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1. Analyze why the recent 20-year U.S. unemployment and inflation data approves or disproves the short-run Phillips curve. 2. Evaluate whether the Phillips curve can

1. Analyze why the recent 20-year U.S. unemployment and inflation data approves or disproves the short-run Phillips curve.

2. Evaluate whether the Phillips curve can still validly resolve today's issue of unemployment and inflation and forecast unemployment and inflation. Why or why not?

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