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.
<span>The concept of latent learning was developed by Tolman</span>
Answer:
Technology has had a very significant impact on product and service design. ... The improved technology also made it easier to implement, remanufacture, design for assembly, design for disassembly, and design for recycling.
Answer:
<em>The Secretary of State is the president's chief advisor on </em><u><em> foreign affairs</em></u><em> Thomas </em><u><em>Jefferson</em></u><em> and Colin </em><u><em>Powell</em></u><em> are among America's former Secretaries of State.</em>
Explanation:
Answer:
Colonists governed themselves through town meetings, a form of direct democracy in which most or all members of a community come together to discuss policies, laws and budgets for their community. Town Meeting have been utilized by towns in New England since the 1600s and are still used today by many towns.
Explanation:
