Milton Friedman's Nobel Lecture Inflation and Unemployment argues that if the traditional Keynesian Philip's curve sets the
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Milton Friedman's Nobel Lecture "Inflation and Unemployment" argues that if the traditional Keynesian Philip's curve sets the targeted unemployment rate below the natural rate, it will - create a particular unsustainable situation. Explain in detail what that situation is and why it is destructive.
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
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