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 114 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?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Local/long distance cell Signaling Local/long distance cell Signaling
Cause of Inflation Cause of Inflation
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Endochondral ossification of long bone. Endochondral ossification of long bone.
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Long division for polynomials Long division for polynomials
Video: Inflammation

For a complete list of videos, visit our video library