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Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...