Assignment Instructions/ Description
Discussion 8 The Short-Run TradeoffMust post first.Participate in a discussion with your classmates regarding the tradeoff between inflation and unemployment. Review the “EYE on Your Life” caption titled, The Short-Run Tradeoff in Your Life, on page 395 in the textbook. Now that we have learned that the Short-Run Phillips Curve (SRPC) shows the tradeoff between inflation and unemployment at the given natural unemployment rate and expected inflation rate, discuss which is worse, too much inflation or too much unemployment. Please apply the effects of the SRPC as explained in the textbook when sharing your discussion.
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