Theroentgenefore, we can pull an excellent YY contour and this denotes the partnership ranging from money likewise have Meters/p and you can attention
What made the whole enterprise all the sweeter was the nice policy conclusions that could be derived. Alternatively, if the policy-maker wanted to achieve a higher level of employment (thus lower unemployment, say at Ustep one in Figure 1dos), then he would have to allow for inflation at p 1. (the converse case of deflation and high unemployment are seen at U2, p 2). (more…)