In the 1960s,many Economists and Policy Makers Considered the Trade-Off

question 106

Multiple Choice

In the 1960s,many economists and policy makers considered the trade-off between inflation and unemployment revealed in the Phillips curve to be permanent.This belief was challenged by ________,who argued that there is no trade-off between inflation and unemployment and the long run.

• A)Robert Lucas and Thomas Sargent
• B)Finn Kydland and Edward Prescott
• C)Paul Samuelson and James Tobin
• D)Milton Friedman and Edmund Phelps

Identify and explain the exceptions to the parol evidence rule.

Distinguish between conditions precedent and subsequent in contract law.

Understand how electronic transactions are treated under laws related to the statute of frauds.

Understand the concept of fraudulent misrepresentation and its requirements, including intent and scienter.

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