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
The endosymbiosis theory
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