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Why Is There No Long-Run Trade-Off Between Unemployment and Inflation

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Essay

Why is there no long-run trade-off between unemployment and inflation?


Definitions:

Currency Contracts

Agreements to exchange a specified amount of different currencies at a specified rate on a predetermined future date.

Event-Driven

An investment strategy that seeks to profit from companies undergoing significant events, such as mergers, restructuring, or bankruptcy.

Hedge Fund

A private investment partnership that uses complex strategies and investments to generate high returns for its investors.

Acquisitions

The process by which one company takes over another, either by purchasing it outright or through a merger.

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