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In what sense does the so-called phillips curve represent

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Unemployment and Inflation.
1. A couple of authors discuss the trade-off between inflation and unemployment. In what sense does this so-called Phillips curve represent "class conflict?"
2. In an up-coming textbook chapter you will learn that wages reflect the productivity of labor. That is, higher productivity brings higher wages, and vice versa. How do the readings in this group cast doubt on this morsel of theory?

Reference no: EM13205437

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