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andrew-mc [135]
2 years ago
8

Milton Friedman discussed the possibility of setting the marginal social cost of printing one more unit of money to zero, implyi

ng that the real interest rate should be equal to the rate of deflation in the economy, but not everyone agreed with this. What reasoning did Phelps (1973) provide to argue against Friedman's rule? Which interpretation would be correct in the RBC model? Why?​
Social Studies
1 answer:
Ugo [173]2 years ago
8 0

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.

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Rus_ich [418]

Answer: Acquaintances

Explanation:

An acquaintance is a person that someone knows, but not so well, that is, they know of the other person's existence and they can get to greet each other and have a brief conversation but it does not mean that they are friends. This type of relationship can occur in any environment, it is common for a person to have a neighbor who is not a friend, but occasionally they greet each other and talk for a few moments. Also at university or school, wherein a classroom some classmates talk for several minutes about anything, but they do not make friends or have a deeper relationship.

Seeing a person on the street that we haven't seen in a long time and seeing them start a conversation for a while makes them acquaintances. They do not have a friendship but they know each other and each time they see each other they greet each other.

5 0
3 years ago
The appropriate use of screening and assessments can assist VPK teachers in planning for the instruction of individual children
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The appropriate use of screening and assessments can assist VPK teachers in planning for the instruction of individual children and to track the development of literacy, language and mathematics skills across the year.

The Florida Voluntary Prekindergarten (VPK) Assessment Teacher's Manual is a helpful resource for information on the goals of tracking and evaluating children's academic progress and how to use this data to suit each child's individual educational requirements.

Additionally, details on the creation of the VPK Assessment, how to administer, document, and score each assessment measure, as well as how to enter data into the VPK Assessment Online Reporting System, are provided.

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6 0
2 years ago
How can adaptations help organisms survive?
Likurg_2 [28]

Answer:

Adaptations are inheritable characteristics that increase an organism's ability to survive and reproduce in an environment. Adaptations can help an organism find food and water, protect itself, or manage in extreme environments.

Explanation: i hope this helps

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2 years ago
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The 25th amendment requires the president to appoint an successor to the vice presidency.
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3 years ago
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