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

question 66

Multiple Choice

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

• A)that inflation is directly related to expectations of future inflation
• B)that inflation is negatively related to the unemployment gap
• C)that in the long run unemployment will be at the natural rate
• D)all of the above
• E)none of the above

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Definitions:

Industry Average

A benchmark or standard calculated by taking the average of a specific metric across multiple companies within the same industry, useful for comparative analysis.

Adjusting Entry

An accounting record made to update the balances of accounts at the end of an accounting period before the preparation of financial statements.

Sales

Transactions involving the transfer of goods or services from a seller to a buyer in exchange for money or other considerations.

Days' Sales in Receivable

A financial metric that calculates the average number of days it takes for a company to collect payments after a sale has been made.