read and discuss the article:

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