write a short speech on inflation and unemployment..
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In the short run, inflation and unemployment are negatively related. ... This is because when actual inflation equals expected inflation, there is no trade-off between inflation and unemployment. In long-term equilibrium the actual rate of inflation must remain equal to the expected rate.
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Answer:
In the short run, inflation and unemployment are negatively related. ... This is because when actual inflation equals expected inflation, there is no trade-off between inflation and unemployment. In long-term equilibrium the actual rate of inflation must remain equal to the expected rate.
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