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RE: The reasons why FED is trying to rise unemployment rate

in LeoFinancelast year

This was completely disproven during the 1970s. Phillip's curve was shown to be a fallacy, something that has no place in reality.

Well, Philip's curve faces the contradiction and its predictions don't work during stagflation, You probably already know stagflation is a stage where both unemployment and inflation rise simultaneously. The phenomenon of stagflation seemed to contradict the basic premise of the Phillips curve.

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