According to Friedman and Phelps, Policymakers _____

question 25

Multiple Choice

According to Friedman and Phelps, policymakers _____.

• A)do face a trade-off between inflation and unemployment, but only a temporary one
• B)do face a trade-off between inflation and unemployment, but only in the long run
• C)do not face a trade-off between inflation and unemployment, but often act as if they do
• D)do not face a trade-off between inflation and unemployment, but should act as if they do

---

Definitions:

Stimuli

External or internal changes that affect the sensory organs and elicit responses from an organism or a biological system.

Nociception

Perception of pain, temperature, and itch.

Perception

The process by which organisms interpret and organize sensation to produce a meaningful experience of the world.

Nociception

The sensory process that provides the signals that lead to the perception of pain in response to potentially harmful stimuli.