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.

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Definitions:

Economic Reasons

Factors related to financial considerations, such as cost-effectiveness, profitability, and economic viability, influencing decisions or actions.

Power And Influence

The capacity to affect the behavior of others or the course of events, often through authority, persuasion, or leadership.

Organizational Value

The fundamental beliefs or principles that guide the behaviors and decision-making process within an organization, reflecting its identity and priorities.

Are You Ready To Change

A question that probes an individual's or organization's readiness to undergo transformation or adaptation.