Multiple Choice
By about 1973,U.S.policymakers had learned that
A) there is no trade-off between inflation and unemployment in the short run.
B) there is no trade-off between inflation and unemployment in the long run.
C) Friedman's analysis of inflation and unemployment had been correct,and Phelps's analysis of inflation and unemployment had been incorrect.
D) Phelps's analysis of inflation and unemployment had been correct,and Friedman's analysis of inflation and unemployment had been incorrect.
Correct Answer:
Verified
Correct Answer:
Verified
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