According to Friedman,in Which of the Following Situations Is the Economy

Multiple Choice

According to Friedman,in which of the following situations is the economy in long-run equilibrium?

A) The average inflation rate over the past five years is 2 percent and the expected inflation rate is 2 percent.
B) The expected economic growth rate is 3 percent and the actual inflation rate is 3 percent.
C) The expected economic growth rate is 2 percent and the expected inflation rate is 2 percent.
D) The expected inflation rate is 3 percent and the actual inflation rate is 3 percent.