Hello everyone! We generally expect the government to control inflation and reduce unemployment. However, in reality, achieving both of these goals simultaneously is not possible. In this video, we will explore why controlling inflation and reducing unemployment together is impossible with the help of the Phillips Curve. We will delve into the short-run and long-run Phillips Curve in detail, accompanied by diagrams. I hope this will be helpful. All the best! 👍
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14 окт 2023
