Answer to Question #1098 in Macroeconomics for Ryan

Question #1098
Explain the relationships that exist between rates of employment and rates of inflation within your economy.
1
Expert's answer
2010-11-26T02:23:20-0500
The relationships between the rates of employment and the rates of inflation is explained by Phillips curve and the concept of& Non-Accelerating Inflation Rate of Unemployment& in Keynesian theory of economics.

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