Milton Friedman Argued That There

question 90

Multiple Choice

Milton Friedman argued that there

• A) are two Phillips curves,a short-run one and a long-run one.
• B) are three Phillips curves,a short-run one,a long-run one,and one in stagflation.
• C) is one Phillips curve,and it is vertical.
• D) is one Phillips curve,and it is nearly flat or horizontal.

---

Definitions:

Cumulative Percent

The percentage that represents the total number of cases or instances up to a certain threshold.

10th Grade

A stage in the U.S. education system typically referring to the second year of high school education, attended by students around 15-16 years old.

Grouped Frequency Distribution

A method of displaying data by specifying the number of occurrences in each group of data.

Intervals

Continuous ranges of values or categories between two points, often used to specify confidence levels in statistics or musical distances in music.