Answer:
Definitely too low
Explanation:
It must have been a very popular show, when people have been lining up (that is, they started to line up even earlier) for a booth that opened at 8 A.M. This means that the tickets could have been sold for a higher price.
The shutdown of the United States government ultimately means that important government work is either not being done, done with resentment, or done by people that are not being paid.
While there are those that think the United States government is too large, a shuddering of the Government ultimately means food that is less safer, environment that is more polluted, and a population that is more in danger.
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.