According to economist Milton Friedman,
A) the short-term validity of the Phillips curve is questionable.
B) there might be a short-term trade-off between unemployment and inflation but not a permanent trade-off.
C) trade-off happens between unemployment and inflation happens in the long run but not in the short run.
D) the long-run trade-off between unemployment and inflation comes from unanticipated inflation.
Correct Answer:
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