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The connection anywhere between inflationary traditional and salary inflation try said in the terms of new labor business bargaining processes
August 2nd, 2022
The connection anywhere between inflationary traditional and salary inflation try said in the terms of new labor business bargaining processes The Phillips Curve did well for a while – but all this changed in the 1970s, a period of high unemployment and high inflation. This phenomenon was obviously incompatible with the received reasoning of the Phillips Curve. How then is one to explain this? It had been the latest subequent observance that has been distressful: in the event your Phillips…