Role Of The State Flashcards by Joshua Horsfall | Brainscape

Q

Unemployment paradox

A

low UP is good but causes inflation as shown on the Philips curve

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

NRU

A

natural rate of UP when inflation is 0

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly