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:
Control
Explanation:
In a study of whether a drug might help reduce depression, research participants were assigned to take the drug or a placebo. Those who took the placebo were in the control condition.
In an experiment, the control group are not given the treatment material (drugs in this case). This is to have a basis for comparison of results of the study.
A placebo drug is manufactured not to have any treatment effect on the subjects.
Public disclosure law is a law that requires the companies to disclose the non-confidential information that is relevant to the customers. Examples include the ingredients in food.
The correct answer is:
b. by requiring companies to give consumers important information about their products
Answer:Spanish and Indigenous religions
Explanation:
Answer:
C. the Industrial Revolution in England
Explanation:
The industrial revolution occured in England between 1760 and 1820 to 1840, and it signifies a major turning point in the world economy as it spread from Britain to other parts of the world.The industrial revolution brought about a shift from old production methods such as hand-crafting to new manufacturing processes like the use of machines, developing machine tools, increasing usage of water and steam power all of which made mass production possible. The revolution also led to a consistent increase in average income, growth rate of the population and the standard of living.
