Milton Friedman argued that as long as
A) the unemployment rate is higher than the inflation rate,the economy is not in long-run equilibrium.
B) Real GDP grows,the inflation rate will fall.
C) the expected inflation rate is not equal to the actual inflation rate,the economy is not in long-run equilibrium.
D) nominal wages rise,so do real wages.
E) none of the above
Correct Answer:
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