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    Macroeconomics Study Set 10
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    Exam 12: Unemployment and Inflation
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    The Origin of the Idea of a Trade-Off Between Inflation
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The Origin of the Idea of a Trade-Off Between Inflation

Question 8

Question 8

Multiple Choice

The origin of the idea of a trade-off between inflation and unemployment was a 1958 article by


A) A) W. Phillips.
B) Edmund Phelps.
C) Milton Friedman.
D) Robert Gordon.

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