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Unemployment and inflation are an economy's two most important macroeconomic issues. The federal government's fiscal policy and the Federal Reserve's monetary policy try to maintain
Unemployment and inflation are an economy's two most important macroeconomic issues. The federal government's fiscal policy and the Federal Reserve's monetary policy try to maintain both a low unemployment rate around a natural rate and a low inflation rate around 2%.
Concerning the topic above related to the U.S. economy, what is your understanding and assessment of why the recent 20-year U.S. unemployment and inflation data approves or disapproves the short-run Phillips curve?
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