(Answered) Discuss the following statementsthe phillips curve implies

Economics

Discuss the following statements.

The Phillips curve implies that when unemployment is high, in ation is low, and vice versa. erefore, we may ex- perience either high in ation or high unemployment, but we will never experience both together.
As long as we do not mind having high in ation, 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 scal policy.

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