Economics (MindTap Course List)
Solutions
Economics (MindTap Course List)
The Friedman natural rate theory is sometimes called the fooling theory. Who is being fooled, and what are they being fooled about?
The fooling theory.
The Friedman natural rate theory is sometimes called fooling theory. According to the natural rate theory, there is a trade-off between inflation and unemployment in the short-run, while there is no tradeoff between them in the long run...
Chapter 16 Solutions
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