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-The Graph Above Plots Unemployment Rates and Inflations Rates from the Time

Question 64

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-The graph above plots unemployment rates and inflations rates from the time period between 1970 and 2009. What does this empirical evidence seem to suggest about the Phillips curve?
-The graph above plots unemployment rates and inflations rates from the time period between 1970 and 2009. What does this empirical evidence seem to suggest about the Phillips curve?

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It appears to discredit the id...

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