The economist Milton Friedman wrote that in the long run there is no trade-off between unemployment...

Question

Question

The economist Milton Friedman wrote that in the long run

there is no trade-off between unemployment and inflation.

there is an inevitable trade-off between unemployment and inflation.

No answer text provided.

business economics

Answer 1

Answer #1

"A"

In the long run, there is no trade off between unemployment and inflation. Any increase in the inflation will keep the unemployment at natural rate.

Answer 2

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