Natural unemployment rate and expected inflation rate

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Participate in a discussion with your classmates regarding the trade off between inflation and unemployment. Now that we have learned that the Short-Run Phillips Curve (SRPC) shows the trade off between inflation and unemployment at the given natural unemployment rate and expected inflation rate, discuss which is worse, too much inflation or too much unemployment. Please apply the effects of the SRPC when sharing your discussion.

Reference no: EM13818389

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