What is the natural rate hypothesis

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What is the Natural Rate hypothesis? How does it prove the vertical shape of the Phillips curve? Explain the view of monetarists on policy making with the help of Phillips curve in 1960s and 1970s. Be thorough.

Reference no: EM131392850

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What is the natural rate hypothesis : What is the Natural Rate hypothesis? How does it prove the vertical shape of the Phillips curve? Explain the view of monetarists on policy making with the help of Phillips curve in 1960s and 1970s. Be thorough.

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