Detailed Instructions: In this task, we ask you to rewrite a sentence in simple English without changing its general meaning. Essentially, you want to make the sentence easier to read by using simpler words, utilizing more straightforward sentence structures, and omitting non-essential information etc.
Problem:It also introduced the concept of the natural rate of unemployment and argued that labor market equilibrium is independent of the rate of inflation tand and so is no long run tradeoff between unemployment and inflation .
Solution:
It was the first idea of the natural rate of unemployment and said that inflation rates did not affect labour market .