There is a trade off between unemployment and inflation
There is a trade off between unemployment and inflation when the aggregate Supply curve is upward sloping. SC Is downward sloping. SC is vertical. Demand curve is downward sloping
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there is a trade off between unemployment and inflation when the aggregate supply curve is upward sloping sc is
suppose that a firmrsquos production function is q mink l currently the wage is w 8 and the cost of capital is r 8a
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