The Keynesian model
a. assumes a stable, downward sloping Phillips curve in the short run.
b. implies a horizontal Phillips curve in the long run.
c. shows that the Phillips curve is can be downward or upward sloping in the short run.
d. differs from Friedman's analysis pertaining to the vertical long-run Phillips curve.
A
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Indicate whether the statement is true or false
When considering choice architecture, a nudge:
A. allows participants to choose among only choices that are good for them. B. can sometimes accomplish public policy goals in a less expensive way than traditional methods. C. presents choices that are similar to participants' ideal choices, but are slightly better than them. D. is a deliberate push by choice architect to get all people to behave a certain way.
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Indicate whether the statement is true or false
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What will be an ideal response?