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What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve? that there is no long run tradeoff between unemployment and inflation that
What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve?
that there is no long run tradeoff between unemployment and inflation
that there is a short run tradeoff between unemployment and inflation
that there are two types of Phillips curves
all of the above
none of the above
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