What is a Phillips curve? Why did it seem to work so much better in the period

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What is a Phillips curve? Why did it seem to work so much better in the period from 1954 to 1969 than it did in the 1970s?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:48 AM

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What is a Phillips curve? Why did it seem to work so much better in the period

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A Phillips curve shows the tradeoff between unemployment and inflation ...View the full answer

Macroeconomics Principles And Policy

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