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    Exam 10: Output,inflation,and Unemployment: Alternative Views
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    Milton Friedman Often Referred to Money as "Neutral
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Milton Friedman Often Referred to Money as "Neutral

Question 20

Question 20

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Milton Friedman often referred to money as "neutral".What do you think that he meant by this? He also termed the phrase "the natural rate of unemployment".What is natural about the natural rate of unemployment?

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Money is neutral because in the long run...

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