An article on brookings.edu noted that in recent years, a tight labor market hasn't led to a

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An article on brookings.edu noted that in recent years, "a tight labor market hasn't led to a pickup in inflation. . . . This phenomenon is often referred to as the flattening of the Phillips curve."

Source: Michael Ng, David Wessel, and Louise Sheiner, "The Hutchins Center Explains: The Phillips Curve,"

brookings.edu,

August, 21, 2018.

a. What do the authors mean by a "tight labor market"?

Related Book For answer-question

Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Posted Date: Feb 29, 2024 02:34 AM

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An article on brookings.edu noted that in recent years, a tight labor market hasn't led to a

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A tight labor market refers to a situation in which there ... View the full answer

Economics

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