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In this paper we introduce a small Keynesian model of economic growth, which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
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' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …
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The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but …
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This article aims to analyze the relationship between inflation and unemployment in the United States, in the 1960s and … unemployment and inflation rates were observed, although at the cost of high inequality. … unemployment rates, to understand the scenario of the American economy till the beginning of 2020, in which historically low …
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