Download, read and discuss the article: Maiello, M. (2020). "The Phillips Curve isn't Dead

Yet". Can be accessed through:

https://review.chicagobooth.edu/economics/2019/article/phillips-curve-isn-t-dead-yet#:~:text=The%20Phillips%20curve%20predicts%20that

Then, answer the following questions:

1. What empirical relationship does the Phillips curve point to? Explain.

2. What impact of a monetary expansion can we expect on inflation and unemployment based

on this relationship? Is this relationship still relevant? If so why or why not? Explain the

stance the article takes on this question.