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In the Late 1960s,the Friedman-Phelps "Natural Rate Hypothesis" Predicted from the Microeconomic

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In the late 1960s,the Friedman-Phelps "natural rate hypothesis" predicted from the microeconomic structure of the labor market that the long-run Phillips Curve is ________,while macroeconomic events caused a very ________ acceptance of this change in aggregate supply theory.


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