Multiple Choice
According to economist Milton Friedman,
A) the short-term validity of the Phillips curve is questionable.
B) there might be a short-term trade-off between unemployment and inflation but not a permanent trade-off.
C) trade-off happens between unemployment and inflation happens in the long run but not in the short run.
D) the long-run trade-off between unemployment and inflation comes from unanticipated inflation.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: The Taylor rule is an example of:<br>A)a
Q53: Which of the following would shift the
Q54: An increase in aggregate demand tends to
Q55: Which of the following is false?<br>A)Rational expectations
Q56: A decrease in aggregate demand tends to
Q58: If inflationary expectations are stable and there
Q59: At low rates of unemployment the Phillips
Q60: Critics of targeting a zero inflation rate
Q61: Movements up along a particular short run
Q62: Movements up along a particular short run