The fearsome dilemma: simultaneous inflation and unemployment
Affaires et économie, Économie, Ouvrages documentaires canadiens
Audio avec voix humaine
Résumé
An economist discusses the problem of how inflation and unemployment have been managed since 1939. McLeod notes that while inflation has been controlled in most industrialized countries, economic output has remained below capacity, and so unemployment has been high. McLeod… argues that the instruments now used to control inflation are inadequate, and often make unemployment worse. He presents several possible approaches which might avoid this dilemma. 1994.