What is the key variable that Friedman and Phelps added to the inflation-unemployment tradeoff analysis? a) Natural rate of unemployment b) Expected inflation c) Sticky wages d) Aggregate supply shocks
What is the key variable that Friedman and Phelps added to the inflation-unemployment tradeoff analysis? a) Natural rate of unemployment b) Expected inflation c) Sticky wages d) Aggregate supply shocks
Chapter7: Inflation
Section: Chapter Questions
Problem 13SQ
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What is the key variable that Friedman and Phelps added to the inflation-unemployment tradeoff analysis?
a) Natural rate of unemployment
b) Expected inflation
c) Sticky wages
d) Aggregate supply shocks
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