This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following argued that a long-run trade-off between inflation and unemployment could not ... (Read 57 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
Which of the following argued that a long-run trade-off between inflation and unemployment could not exist?
 
  A) Friedman and Phelps
  B) Hicks and Hansen
  C) Modigliani and Friedman
  D) Lucas and Sargent
  E) Tobin and Jorgenson

Question 2

The staggering of wage and price decisions suggests that
 
  A) people do not possess rational expectations.
  B) people do possess rational expectations.
  C) the economy will adjust slowly to shocks even if people possess rational expectations.
  D) the Lucas critique is entirely correct.
  E) real business cycle theory is correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 30, 2018
Thank you


fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Long-tailed Widowbird Long-tailed Widowbird
To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Global Links: African Slave Trade Global Links: African Slave Trade
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ... Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ...
Video: Types of Burns

For a complete list of videos, visit our video library