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Milton Friedman's Nobel Lecture Inflation and Unemployment argues that if the traditional Keynesian 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 Keynesian Philip's curve sets the targeted unemployment rate below the natural rate, it will - create a particular unsustainable situation. Explain in detail what that situation is and why it is destructive.
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The Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
11th edition
133836797, 978-0133836790
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