In 2010, dissenters were worried that the effects of policies to reduce unemployment would create

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The concern was that policies to reduce unemployment would lead to higher inflation in the long run. This is because policies that increase employment often lead to increased demand for goods and services, which can drive up prices. As prices rise, workers demand higher wages, which can fuel inflation. This is known as the Phillips curve, which shows the relationship between unemployment and inflation. Dissenters were worried that policies to reduce unemployment would shift the Phillips curve to the right, resulting in higher inflation for any given level of unemployment.

In 2010, Dissenters Were Worried That the Effects of Policies