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According to Reasoning by Milton Friedman and Edmund Phelps

Question 91

Multiple Choice

According to reasoning by Milton Friedman and Edmund Phelps:


A) economic stimulus programs were destined to fail in the long run.
B) economic stimulus programs were destined to fail in the short and long runs.
C) unemployment does not react to fluctuations in output.
D) there is a theoretical maximum level of potential output that can be produced.
E) firms do not react to real interest rate changes.

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