Why is there no long-run trade-off between unemployment and inflation?

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Macroeconomics

ISBN: 9781464110375

4th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 28, 2024 04:01 AM

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Why is there no long-run trade-off between unemployment and inflation?

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The concept of a longrun tradeoff between unemployment and inflation is often associated with the Phillips Curve which suggests an inverse relationshi...View the full answer

Macroeconomics

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