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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 35: The Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    Friedman and Phelps Believed That the Natural Rate of Unemployment
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Friedman and Phelps Believed That the Natural Rate of Unemployment

Question 221

Question 221

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Friedman and Phelps believed that the natural rate of unemployment was constant.

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