The Origin of the Idea of a Trade-Off Between Inflation

question 8

Multiple Choice

The origin of the idea of a trade-off between inflation and unemployment was a 1958 article by

• A)A)W. Phillips.
• B)Edmund Phelps.
• C)Milton Friedman.
• D)Robert Gordon.

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A detailed account or statement about a specific topic, situation, or event.

Residual Income

The income that remains after subtracting all required costs of capital from the operating income.

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