In practice. However, it is not possible to do so. If an attempt is made to reduce unemployment, inflationary forces become stronger and prices go up. And if price are prevented from rising, unemployment level increases
to an unacceptable level. In other words, though both goals are desirable in themselves, it is not possible to achieve them simultaneously.
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Economics L. Robbins (Main Characteristics-3)
In this article we will discuss Economics L. Robbins (Main Characteristics-3)
