The Friedman—Phelps analysis shows that a negative relationship between inflation and unemployment holds
A) even when expected inflation changes.
B) even when the natural rate of unemployment changes.
C) even if both the expected inflation rate and the natural rate of unemployment change.
D) as long as the expected inflation rate and the natural rate of unemployment are approximately constant.
D
Economics
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Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
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Stocks are
A. promises to repay loans. B. a liability of a corporation. C. a liability of a proprietorship. D. shares of ownership in a corporation.
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