History, 29.11.2019 00:31 babygirlgabby2137
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 a. upward sloping. b. vertical. c. stable. d. horizontal. such views are rare today because a. both political parties agree that higher inflation is acceptable if it means lower unemployment. b. the phillips curve has been found to be upward sloping. c. in the long run there is no tradeoff between inflation and unemployment. d. the phillips curve is viewed as a policy menu and a stable relationship.
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In macroeconomics courses in the 1960s and early 1970s, some economists argued that one of the u. s....
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