According to Milton Friedman, Any Divergence in Unemployment from Its

question 77

Multiple Choice

According to Milton Friedman, any divergence in unemployment from its natural rate is
Temporary because

• A) anticipated price changes affect nominal wages in the short run but workers will rectify this over time.
• B) unanticipated price changes affect real wages in the short run but workers will rectify this over time.
• C) anticipated price changes affect real wages in the short run but workers will rectify this over time.
• D) unanticipated price changes create inflation which is addressed by policymakers over time.

---

Definitions:

Content Sharing Sites

Online platforms where users can upload, share, and view various forms of media content.

Websites

Collections of interlinked web pages hosted on a server, accessible via the internet, and designed around a specific topic, purpose, or entity.

Writing Skills

The ability to convey ideas, thoughts, and information through written text in a clear, effective, and compelling manner.

Traditional Media

Forms of mass communication existing before the advent of digital media, such as television, radio, and newspapers.