Suppose a permanent downward-sloping Phillips curve existed and offered a menu of choices of different combinations of

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Suppose a permanent downward-sloping Phillips curve existed and offered a menu of choices of different combinations of inflation and unemployment rates to policymakers. How do you think society would go about deciding which point on the Phillips curve it wanted to occupy?
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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