History, 24.04.2020 03:27 mxddisonxo
In macroeconomics courses in the 1960s and early​ 1970s, some economists argued that one of the U. S. political parties was willing to have higher unemployment in order to achieve lower inflation and that the other major political party was willing to have higher inflation in order to achieve lower unemployment. Such views of the​ trade-off between inflation and unemployment might have existed in the 1960s because the Phillips curve was widely viewed as:
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In macroeconomics courses in the 1960s and early​ 1970s, some economists argued that one of the U....
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