Typed plzzzz and Asap According to Friedman and Phelps analysis in the 1960's, in the long run theeconomy gravitates toward a:high unemployment ratehigh inflation ratea natural rate of inflationnatual rate of unemployment During the 1970's it appeared that the Short-run Phillips curve:Oshifted down to the leftshifted up to the rightwas horizontalbecame vertical

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According to Friedman and Phelps analysis in the 1960's, in the long run the economy gravitates toward a: high unemployment rate high inflation rate a natural rate of inflation a natual rate of unemployment

According to Friedman and Phelps analysis in the 1960's, in the long run the economy gravitates toward a: high unemployment rate high inflation rate a natural rate of inflation a natual rate of unemployment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Typed plzzzz and Asap

According to Friedman and Phelps analysis in the 1960's, in the long run the
economy gravitates toward a:
high unemployment rate
high inflation rate
a natural rate of inflation
natual rate of unemployment

During the 1970's it appeared that the Short-run Phillips curve:
Oshifted down to the left
shifted up to the right
was horizontal
became vertical

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