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:
it's the igneous cycle
Explanation:
igneous rock will change into metamorphic, or sedimentary rock
North Korea
hope this helps x
A social problem is defined as a negative situation that affects all individuals in the same society.
A social problem such as unemployment, affects the life of the individual and society in relevant ways.
- Consequences of unemployment for the individual:
- Development of mental illnesses such as anxiety and depression.
2. Consequences of unemployment for society:
- Greater population impoverishment.
Therefore, it is concluded that each social problem generates negative consequences that directly affect individual and collective life, such as the example of unemployment, there are direct consequences on the individual's quality of life, such as the development of psychological problems that lead to greater demotivation and it can lead to more serious health problems.
In the social sphere, unemployment increases the formation of underemployment, which harms the economy of a country as a whole, due to the absence of fundamental rights and absence of contribution, which contributes to an economic recession and negative aspects such as increased crime and insecurity.
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