In 1968,Friedman and Phelps Predicted That High Inflation

question 8

Multiple Choice

In 1968,Friedman and Phelps predicted that high inflation

• A) would not always deliver low unemployment.
• B) is inversely related to low unemployment.
• C) is directly correlated with low unemployment.
• D) guarantees low unemployment.
• E) and low unemployment are mutually exclusive.

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