Multiple Choice
Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment,but there should be a stable relationship between
A) anticipated inflation and frictional unemployment.
B) anticipated inflation and cyclical unemployment.
C) unanticipated inflation and frictional unemployment.
D) unanticipated inflation and cyclical unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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