The Phillips Curve. "As long as we do not mind having high inflation, we can achieve as low a level of unemployment as we want. All we have to do is increase the demand for goods and services by using, for example, expansionary fiscal policy." Discuss.

Survey Of Economics
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ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
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The Phillips Curve. "As long as we do not mind having high inflation, we can
achieve as low a level of unemployment as we want. All we have to do is
increase the demand for goods and services by using, for example,
expansionary fiscal policy." Discuss.
Transcribed Image Text:The Phillips Curve. "As long as we do not mind having high inflation, we can achieve as low a level of unemployment as we want. All we have to do is increase the demand for goods and services by using, for example, expansionary fiscal policy." Discuss.
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