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What is the major policy implication of the original Phillips Curve? How did it affect macroeconomic policies at that time? What major contribution it had
What is the major policy implication of the original Phillips Curve? How did it affect macroeconomic policies at that time? What major contribution it had made before the early 1970s? What kind of problem had emerged from the 1970s? Use Friedman's Expectation Augmented Phillips Curve to explain how the above problem emerged? What is the major policy implication of Friedman's Expectation Augmented Phillips Curve?
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