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

What is a phillips curve

Reference no: EM131353723

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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