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Re: TWO natural rates of unemployment?



I like Ellen Frank's suggestion that we start talking instead about a
natural rate of inflation, and any attempt to push it below that level
would result in intolerably high increases in unemployment.

Doug

--

Doug Henwood
[dhenwood@xxxxxxxxx]
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax




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