Economy, asked by Yash1540, 1 year ago

Natural rate of unemployment hypothesis advocated by

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Answered by Anonymous
27
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Answered by daretowin143
5

Philip Curve says that if inflation increases then unemployment will decline and vice versa. But, it was the Nobel winner Milton Friedman who introduced the concept of “the natural rate of unemployment” i.e. the minimum rate of unemployment that will prevent inflation from increasing.

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