Question
Please read the article linked below about the trade-offs between inflation and unemployment. 1. Is there always a direct trade-off between inflation and unemployment? 2.
Please read the article linked below about the trade-offs between inflation and unemployment.
1. Is there always a direct trade-off between inflation and unemployment?
2. The US ran into problems with this trade-off in the 1960s and 1970s. Why does the author of the article believe that we are heading into similar issues?
Link: https://www.city-journal.org/does-a-trade-off-between-inflation-and-employment-really-exist
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
