According to monetarists, the natural rate theory
a. denies the tradeoff between inflation and output.
b. argues that there is a stable tradeoff between inflation and output.
c. shows that activist policies work best.
d. believes that the Phillips curve relationship breaks down when policymakers attempt to use it.
Question 2
The two main sources of U.S. population increase between Independence and the Civil War were natural increases in population and immigration.
Indicate whether the statement is true or false
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