Which of the Following Statements Is Correct

question 42

Multiple Choice

Which of the following statements is correct?

• A)Milton Friedman's theory of the natural rates of unemployment and output has been highly influential since it describes the limits to the trade-off between inflation and unemployment.
• B)Milton Friedman's main concern in advancing the concept of the natural rates of output and unemployment was to illustrate a limitation on monetary policy.
• C)Milton Friedman's main concern in advancing the concept of natural rates of output and unemployment was to define a limitation on fiscal policy.
• D)Both a and b
• E)Both a and c

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