Author Question: According to economist Milton Friedman, a. the short-term validity of the Phillips curve is ... (Read 37 times)

mckennatimberlake · **on:** Jun 30, 2018

According to economist Milton Friedman,
a. the short-term validity of the Phillips curve is questionable.
b. there might be a short-term trade-off between unemployment and inflation but not a permanent trade-off.
c. trade-off happens between unemployment and inflation happens in the long run but not in the short run.
d. the long-run trade-off between unemployment and inflation comes from unanticipated inflation.

Question 2

Corruption reduces growth most directly because governments invest in projects with low productivity.
a. True
b. False
Indicate whether the statement is true or false