Economics by Arnold Chapter 15
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| show | A curve showing the (negative) relationship between inflation and unemployment.
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| Milton Friedman believed that there was a short run trade-off between inflation and unemployment. | show 🗑
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| Milton Friedman believed that there was a long run trade-off between inflation and unemployment. | show 🗑
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| show | Stagflation
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| show | The unemployment rate the economy tend toward in the long run.
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| The economy can be in a long run equilibrium if the expected inflation rate is equal to the actual inflation rate. | show 🗑
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| show | Adaptive Expectations
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| show | Rational Expectations
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To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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