Which Equation Summarize the Analysis of Friedman and Phelps (Where

question 145

Multiple Choice

Which equation summarize the analysis of Friedman and Phelps (where a is a positive number) ?

• A) unemployment rate = natural rate of unemployment - a(actual inflation - expected inflation)
• B) unemployment rate = natural rate of unemployment - a(expected inflation - actual inflation)
• C) unemployment rate = expected rate of inflation - a(actual inflation - expected inflation)
• D) unemployment rate = actual rate of inflation - a(actual unemployment - expected unemployment)

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