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In Milton Friedman and Edmund Phelps' Expectations-Augmented Phillips Curve,________

Question 72

Multiple Choice

In Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve,________.


A) unemployment will,in the long run,reach the natural rate
B) in the long run,expected inflation will reach the NAIRU
C) inflation is positively related to the unemployment gap
D) all of the above
E) none of the above

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