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Author Question: What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve? ... (Read 68 times)

rl

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What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve?
 
  A) that there is no long run tradeoff between unemployment and inflation
  B) that there is a short run tradeoff between unemployment and inflation
  C) that there are two types of Phillips curves
  D) all of the above
  E) none of the above

Question 2

Which of the following is not a reason for the Ricardian equivalence theorem to fail to hold?
 
  A) tax distortions
  B) people can borrow from the government.
  C) finite-lived people.
  D) credit market imperfections.



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potomatos

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Answer to Question 1

D

Answer to Question 2

B




rl

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Reply 2 on: Jun 30, 2018
Gracias!


cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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