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a. In which decade did the original Phillips Curve break down and explain why? How was the expectations augmented Phillips curve different from the original
a. In which decade did the original Phillips Curve break down and explain why? How was the expectations augmented Phillips curve different from the original Phillips curve?
b. What was Milton Friedman and Edmund Phelp's opinion on the trade-offbetween unemployment and inflation as shown by the P-curve?
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