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Milton Friedman's Nobel Lecture Inflation and Unemployment argues that if the traditional Keynsian Philip's curve sets the targeted unemployment rate below the natural rate, it
Milton Friedman's Nobel Lecture "Inflation and Unemployment" argues that if the traditional Keynsian Philip's curve sets the targeted unemployment rate below the natural rate, it will create a situation for hyperinflation. Explain in 8 sentances or less.
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