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

question 20

Multiple Choice

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

• A)that firms and workers care about nominal,not real wages
• B)that wages have a one-to-one relationship with inflation
• C)that,in the long run,the level of unemployment is independent of inflation
• D)all of the above
• E)none of the above

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