Multiple Choice
What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve?
A) that there is no long run tradeoff between unemployment and inflation
B) that there is a short run tradeoff between unemployment and inflation
C) that there are two types of Phillips curves
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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