In Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve, ________

A) unemployment will, in the long run, reach the natural rate
B) in the long run, expected inflation will reach the NAIRU
C) inflation is positively related to the unemployment gap
D) all of the above
E) none of the above


A

Economics

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Which of the following is the best example of money used as a medium of exchange?

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"According to the neoclassical growth theory, national incentives to save, invest, accumulate human capital, and develop new technology influence the country's growth rate of real GDP." Comment on the accuracy of the previous statement

What will be an ideal response?

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The price of a Treasury bond futures contract is set

A) by the federal government. B) by the Chicago Board of Trade. C) by the Federal Reserve. D) as a result of bidding and offering by market participants.

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The current account surplus is not

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