Question
In 1979, when the U.S had high inflation and high unemployment, they chose to fight inflation (contractionary monetary policy) and make unemployment worse. In 2020
In 1979, when the U.S had high inflation and high unemployment, they chose to fight inflation (contractionary monetary policy) and make unemployment worse. In 2020 there was high unemployment but not inflation, so there was less of a conflict. If we have to, should we fight high unemployment or high inflation? Why?
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Sociology Of Economic Innovation
Authors: Francesco Ramella
1st Edition
1317621344, 9781317621348
