NAIRU could be connected to this. "...it was impossible for governments simultaneously to target both arbitrarily low unemployment and price stability, and that

NAIRU could be connected to this. "...it was impossible for governments simultaneously to target both arbitrarily low unemployment and price stability, and that, therefore, it was government's role to seek a point on the trade-off between unemployment and inflation..." http://en.wikipedia.org/wiki/Nairu http://en.wikipedia.org/wiki/Nairu