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.
Yes because it is important to vote and it happens every 4 years
I am not 100% sure. But I do know the answer are not 2 and 3 are wrong. Hope that helps.
The Mere Exposure Effect
This effect is when a person is sublimely exposed to objects or other people. This causes them to begin to associate them positively in their mind, even if the person does not consciously realize the person is there.
The answer is b
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