The Arguments of Friedman and Phelps Would Suggest That Other

question 47

Multiple Choice

The arguments of Friedman and Phelps would suggest that other things the same,a country that pursues a disinflationary policy that the public does not find completely credible

• A)should not see an increase in the unemployment rate even in the short run.
• B)will having rising unemployment for a while,but then return to the natural rate of unemployment.
• C)will have a permanently higher unemployment rate.
• D)None of the above is suggested by the arguments of Friedman and Phelps.

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Definitions:

Endoderm

Innermost primary tissue layer of an animal embryo that gives rise to the linings of the digestive tract and associated structures.

Germ Layer

Primary tissue layer of a vertebrate embryo—namely, ectoderm, mesoderm, or endoderm.

Ectoderm

Outermost primary tissue layer of an animal embryo; gives rise to the nervous system and the outer layer of the integument.

Differentiate

To recognize or ascertain what makes something or someone different, or in biology, the process by which cells or tissues change from relatively generalized to specialized kinds, during development.