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Econ question/NAIRU

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Econ question/NAIRU

TheWolf

3a. Explain why difficulties may arise when attempting to maintain a low rate of inflation as an economy approaches full employment.

b. In recent years, the UK economy has maintained low inflation as unemployment has fallen. Evaluate the reasons for such an occurrence.

First one I just used keynesian S&D to explain, the 2nd one Im not too sure, I just talked about NAIRU and Phillips curve. Any pointers would be great. :cool:

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Econ question/NAIRU

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