What is a phillips curve, Why is it said that decisions on

What is a phillips curve

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1. Why is it said that decisions on fiscal and monetary policy are, at least in part, political decisions that cannot be made on "objective" economic criteria?

2. What is a Phillips curve? Why did it seem to work so much better in the period from 1954 to 1969 than it did in the 1970s?

Reference no: EM131353723

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