Final macroeconomics review

This video is a very simple review of the differences between Keynesian and (New) Classical Economics:

and this one explains the Phillips curve from the beginning, but notice that it makes no reference to the possibility of a long-run Phillips curve:

However PAJ Holden does develop the theoretical concept: (but do not worry about the NAIRU…the non-accelerating inflation rate of unemployment; you do not need to know about it)


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