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:
In a group of city-states, each city-state is independent and rules by its own king. No central power controlled all of the city-states. In an empire, consisting of a nation and the city-states and nations it has conquered, one ruler is in control.
Explanation:
The country is Balkan Peninsula and it is in Macedonia (south)
A driver's license or other driving privilege is temporarily withdrawn for a set amount of time when it is suspended.
The right to drive is temporarily revoked and then suspended.
<h3>What is suspension?</h3>
The most common definition of suspension is a temporary stopping or withholding of something, as in Traffic must be temporarily stopped for the parade. The noun form of the verb suspend is suspension.
If your license is suspended, you no longer have the temporary right to drive. After the suspension term, you can pay the necessary costs and have your license reinstated.
Driving privileges are temporarily revoked during a suspension. Driving rights are completely terminated upon revocation.
Suspension of a driver's license is the temporary revocation of a person's right to drive for a set amount of time. Revocation of a driver's license involves its cancellation and seizure until the driver can requalify.
To learn more about suspension refer to:
brainly.com/question/14327804
#SPJ4
