According to Friedman and Phelps, When Do Policymakers Face a Tradeoff

question 41

Multiple Choice

According to Friedman and Phelps, when do policymakers face a tradeoff between inflation and unemployment?

• A)only in the long run
• B)only in the short run
• C)in neither the long run nor short run
• D)in both the short run and long run

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