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Milton Friedman and Edmund Phelps Contributed Which Insight(s)to Phillips Curve

Question 20

Multiple Choice

Milton Friedman and Edmund Phelps contributed which insight(s) to Phillips curve analysis?


A) that firms and workers care about nominal,not real wages
B) that wages have a one-to-one relationship with inflation
C) that,in the long run,the level of unemployment is independent of inflation
D) all of the above
E) none of the above

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