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:
1619 july 30, Virginia
Explanation:
This meeting is important as it is the first elected representative political body in the British North America. Thus, the begining of an official political excersice is marked by this date.
Answer: Bottleneck effect
Explanation:
The bottleneck effect is terms of population size is one of the concept in which there is large reduction in the population size due to the various types of environment related factors and also due to the human activities are as follows:
- Floods
- Droughts
- Fires
- Earthquakes
- Planning of the human population
According to the given question, Bottleneck effect is one of the congestion point in which the large number of species or we can say that population is killed and it also increase the genetic drift. So, the above given situation is illustrating the concept of bottleneck effect.
Therefore, Bottleneck effect is the correct answer.
