02 Aug Thus, we can pull an effective YY contour and that denotes the connection anywhere between money also have Yards/p and you can notice
What made the whole enterprise all the sweeter was the nice policy conclusions that could be derived. Alternatively, if the policy-maker wanted to achieve a higher level of employment (thus lower unemployment, say at Ustep one in Figure 12), then he would have to allow for inflation at p 1. (the converse case of deflation and high unemployment are seen at U2, p 2).