Egypt is often referred to as 'the gift of the nile' because it flourished and survived by the annual flooding of the Nile River which made the soil extremely fertile. The fertile soil allowed for the growing of crops and without this overflow, Egypt probably would not have survived.
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.
I believe it's newton's third law. For every action(force) , there's an equal and opposite reaction.
Under the new regime, Amun became the supreme state god. He was syncretized with Ra, the long-established patron of kingship and his temple at Karnak in Thebes became Egypt's most important religious center
