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1 WHAT WAS THE RATIONAL EXPECTATIONS CONTRIBUTION TO THE PHILLIPS CURVE PARADIGM, ITS IMPLICATIONS, AND TO ECONOMIC ANALYSIS GENERALLY ? 2 IS THERE A TRADE-OFF

1 WHAT WAS THE RATIONAL EXPECTATIONS CONTRIBUTION TO THE PHILLIPS CURVE PARADIGM, ITS IMPLICATIONS, AND TO ECONOMIC ANALYSIS GENERALLY ?

2 IS THERE A TRADE-OFF BETWEEN INFLATION AND UNEMPLOYMENT ?

3 WHAT ROLE DO EXPECTATIONS PLAY IN ECONOMICS ?

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