Question

friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between:

Answer 1

Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.

What is inflation?

This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.

This may cause people to lose their jobs and also cause people to buy less of goods and services.

Read more on inflation here:

brainly.com/question/8149429

#SPJ12