What factors might improve the trade-off

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In April 2000, the U.S. unemployment rate dropped below 4 percent for the first time in 30 years. At the same time, inflation remained at a very low level by historical standards. Can you offer an explanation for what seems to be an improved trade-off between inflation and unemployment? What factors might improve the trade-off? What factors might make it worse?

Reference no: EM131308870

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