Milton Friedman and Edmund Phelps Contributed Which Insight(s)to Phillips Curve

question 83

Multiple Choice

Milton Friedman and Edmund Phelps contributed which insight(s) to Phillips curve analysis?

• A)that a "realistic" goal of 7% unemployment and 6% to 7% inflation rates could be achieved
• B)that,in the long run,sticky wages and staggered prices prevent unemployment from remaining low
• C)that firms and workers care about real wages
• D)all of the above
• E)none of the above

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