In 1968, Economist Milton Friedman Published a Paper That Was

question 165

Multiple Choice

In 1968, economist Milton Friedman published a paper that was critical of the Phillips curve. On what grounds did Friedman criticize the Phillips curve?

• A)It seemed to work for wages but not for inflation.
• B)Monetary policy was ineffective in combating inflation.
• C)The Phillips curve did not apply in the long run.
• D)Phillips had made errors in collecting his data.

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Definitions:

Temporomandibular Joint

The hinge joint that connects the lower jaw (mandible) to the temporal bone of the skull, which is in front of the ear on each side of the head.

Temporal Bone

A bone on the side of the skull, housing structures of the ear and forming part of the side and base of the skull.

Articular Surfaces

The surfaces of bones that come into contact with one another to form joints.

Range of Motion

The full movement potential of a joint, usually its range of flexion and extension.