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Relations Between Unemployment Vacancies and Wage
Policies for Moving the Phillips Curve
acceptance wage adjust aggregate demand American Economic Association analysis appendix argument average duration changing jobs compensate for steady costs cyclically decreasing duration of unemployment economies of scale economy Edmund employed Employment and Inflation equilibrium level flow of hires flow of quits forthcoming Foundations of Employment frictions hires and recalls Inflation and Unemployment Inflation Theory interview job search job vacancies labor force labor turnover level of unemployment lower manpower programs manpower requirements ment Microeconomic Foundations money wages Moving the Phillips number of vacancies partially offset Phelps placements quit rates quits and layoffs rate of inflation reduce unemployment roughly search efficiency searching for better stable Phillips curve stable Phillips relation steady state Phillips stock of unemployed Te+Tu turnover flow turnover rate unem unemployed workers unemployment and vacancies unemployment duration unemployment is high unemployment rate unemployment Ue URBAN INSTITUTE vacancies and unemployment W. W. Norton wage aspirations wage changes workers and employers