19,576
edits
Changes
Jump to navigation
Jump to search
Line 19:
Line 19: − +
→Natural rate
==Natural rate==
==Natural rate==
Conservative economist [[Milton Friedman]] in 1968 introduced the concept of the "natural rate of unemployment," which is the rate generated by the economy which does not cause inflation or deflation.
Conservative [[economist]] [[Milton Friedman]] in 1968 introduced the concept of the "natural rate of unemployment," which is the rate generated by the economy which does not cause inflation or deflation.
Friedman notes:
Friedman notes: