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Natural unemployment rate changes - PowerPoint PPT Presentation

Chapter 13 Unemployment and Inflation

Chapter 13 Unemployment and Inflation. Economics 282 University of Alberta. Unemployment and Inflation. The Phillips curve is a negative empirical relationship between unemployment and inflation. In 1970-2003 there seemed to be no reliable relationship between unemployment and inflation.

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Can we have low unemployment and low inflation?

Can we have low unemployment and low inflation?. 15. The Short-Run Policy Tradeoff. CHAPTER CHECKLIST. When you have completed your study of this chapter, you will be able to. 1 Describe the short-run policy tradeoff between inflation and unemployment.

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Natural unemployment rate changes - PowerPoint PPT Presentation

Chapter 13 Unemployment and Inflation

Can we have low unemployment and low inflation?