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:
prison risk
Explanation:
Prison risk: the term "prison risk" is determined as a specific type of needs and risk 'assessment instrument' that generally consists of a typical series of different items that are being utilized for collecting data related to the offender attitudes and behaviors to which particular research indicates and are associated with the recidivism risk and possesses low, moderate, and high risks.
In the question above, Mary is conducting a prison risk assessment.
