Unemployment cannot be maintained below the natural rate,no matter what inflation rate is tolerated.
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Q110: Current thinking on the Phillips curve suggests
Q120: One implication of the Phillips curve analysis
Q150: In its original form,the Phillips curve depicted
Q159: Exhibit 16-4 Q160: One way of expressing the meaning of Q161: The hypothesis that the economy tends toward Q162: According to the natural rate hypothesis,the natural Q166: If the actual inflation rate exceeds the Q167: Which of the following is true about Q168: Along the long-run Phillips curve,
A)the economy is
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