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High Unemployment vs. Low Inflation
from Lucyjane Lukins (l_lukins@hotmail.com)
John Major: "If it's not hurting, it's not working."
Norman Lamont: "If higher unemployment is the price we have to pay in order to bring inflation down, then it is a price worth paying."
Relating to the above statements, what is the relationship between the main macroeconomic objectives?
(posted 8770 days ago)
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