The Dual Mandate: Jobs vs Prices

Guided Notes (Student)

A 1961 to 1980 Phillips curve scatter gets read for the year the trade-off broke into stagflation, 7 percent unemployment against 13.5 percent inflation, before students find the 2022 outlier at 3.6 percent unemployment against 9.1 percent inflation. A second scatter covers 2015 to 2026.

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