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
Correct Answer:

Verified
Correct Answer:
Verified
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