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>Shinto focuses on the sacredness of the certain water source in each local community. Shinto encompasses local community practices and seasonal worship promoting agriculture in the community. The community also has a community shrine in which these practices are performed.</span>
Answer:
Huang He considered being a very dangerous river due to the adverse effects it causes during flood.
Explanation:
he Yellow River is known as the Huang He in China. It is the mother stream for all the Chinese individuals. Huang He River is the second longest in China after the Yangtze River. A progression of floods crushed China in 1887, 1931, and 1938. They were brought about by the flooding of Huang He River. These three floods murdered a huge number of individuals. They are viewed as the three deadliest floods in history and among the most damaging cataclysmic events at any point recorded. The most damaging of these floods happened in August 1931, leaving 80 million individuals destitute and those murdered by the flood extend from 850,000 to 4 million, naming it the deadliest cataclysmic event in written history.