Which of the Following Are NOT Included Among Gordon's Criticisms

question 115

Multiple Choice

Which of the following are NOT included among Gordon's criticisms of Friedman's fooling model?

• A) workers buy many goods on a weekly basis and thus could discover quite quickly that prices had risen
• B) workers could discover movements in the aggregate price level fairly easily
• C) the model relied on a non-market-clearing explanation of the labor market
• D) workers would predict higher prices if policies that led to higher prices in the past were used again

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Globalization

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