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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Definitions:

British Colonies

Overseas territories controlled by the United Kingdom, characterized by settlement, trade, and the imposition of British culture and law.

White Non-English Immigrants

Individuals from predominantly white countries other than England, who immigrated to different countries, bringing diverse cultures, languages, and traditions.

The Germanies

A term referring to the collection of German-speaking states in Central Europe prior to their unification into the German Empire in 1871.

Population Growth

An increase in the number of people that reside in a country, city, or other region over a period of time.