Answer and Explanation:
Phelps criticized Friedman's position, because he said it was totally irrelevant to analyze the tax functions of inflation without assessing product demand, as Friedman suggested in his theory. He stated that this would only be possible if there was a way to predict an optimal rate of inflation in different situations of demand and supply, otherwise, in Phelps' words it would be the same as "Professor Friedman gave us Hamlet without a prince".
Phelps' positioning would be better considered by the RBC model, since this model is based on real and not imaginary facts.
Answer:
Tennessee Valley Authority
Explanation:
Tennessee Valley Authority was a program planned and implemented during the New Deal. It was applied in the country through a US federally owned corporation, which carried out works and activities capable of controlling floods by building dams and generating electricity for areas of the country that had no access to electricity. In addition, this program sought to create fertilizers in large quantities, to be distributed in the Tennessee Valley and to stimulate local agriculture, since this region was so affected by the great depression.
We don't know what your reading
Option A
The stabilization of the market represents what Merton would describe as a latent function of education.
<u>Explanation:</u>
A latent function is one that is not consciously planned, but that, although, has a helpful impact on society. Latent functions are neither purposive nor leisurely but also provide benefits.
Latent functions of the institution of education involve the development of friendships among scholars who enroll at the corresponding school; the prerequisite of entertainment and socializing events and supplying poor students lunch when they would contrarily go hungry. Latent functions are that they usually go overlooked or uncredited, that is except they create negative outcomes.
Answer:
Im pretty sure the answer is E
Explanation:
