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

Answers

Answer 1

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.


Related Questions

Describe 2 types of age roles

Answers

Answer:

age is natural age cannot decrease but can increase age is limited

Explanation:

dont expect your age to be 200 or more

becuz thats bot possible

everyone has to die one day

u cant take money with u when u die so

give the money to me lolll

explain why committees and debate such an important part of the legislative process ?

Answers

Answer:

Committees are an essential part of the legislative process. ... Of all the measures sent to committees, only a small percentage are considered. By considering and reporting on a bill, committees help to set the Senate's agenda. When a committee or subcommittee decides to consider a measure, it usually takes four actions.

Explanation:

hope this helps

Damage to the atmosphere can occur from the use of some cleaning products, including __________ sprays. A. oxygen B. aerosol C. hydrogen D. pesticide Please select the best answer from the choices provided A B C D

Answers

Answer:

Damage to the atmosphere can occur from the use of some cleaning products, including aerosol sprays

Explanation:

Damage to ozone layer is mainly because of  aerosol sprays. Aerosols have a huge environmental effect, as they, like greenhouse gasses, can alter the Earth's 'radiative/energy balance. By changing the amount which is absorbed into the atmosphere & the amount that is dispersed back into space, the amount of energy from the sun can be controlled by aerosols.

As they contain compressed & hydrocarbon fuels, aerosol sprays increase the carbon footprint. Aerosol sprays can also emit VOCs that, a big cause for asthma-inducing pollution, and that adds to the ground-level ozone levels.

Explanation:

Answer:

THE ANSWER IS B

Explanation:

Ur welcome mate

what does corporate culture represent ​

Answers

Answer:

Set of values and beliefs that the corporation presents and follows

Explanation:

Corporation culture is a set of values, ideals, and ethics that the corporation represents and stands for. It is, therefore, expected from employees and management to follow the codex that goes along with the required culture. Corporation culture is reflected in public relations, as well as in the inner functioning of the organization. It doesn’t have to be explicitly written, but it is assumed and presented through different means of work and behaviors. Some of the common corporate culture types would be progressive, conventional, team-first, elite, and horizontal.

write the difference between the jayasthiti malla in ram shah​

Answers

JA SEI FAZER RESPONDA

Answer:

Explanation:

Explanation:

I hope understand this

Which statement best describes urban areas during the late 1800s?

Answers

Answer:

Many cities were overcrowded with limited housing and few sanitation services.

Explanation:

During the late 1800s, urban areas grew very fast because economic opportunities were better than in the countryside. This attracted people from rural areas, and also from abroad, who flocked to the cities too fast for the cities infraestructure to keep up with.

This made most cities at the time very overcrowded, with few public services that were overstrained, and with serious problems in terms of sanitation and public safety. However, people could still earn higher incomes than in the countryside, and despite all these problems, the cities did not stop being attractive for both domestic and international migration.

Answer:

B. ) Many cities were overcrowded with limited housing and few sanitation services.

Explanation:

In the following sentence, what type of context clue is used to help you figure out the meaning of the word aptitude?

She has an aptitude, a natural ability, to figure out mathematical problems.

MIDDLE SCHOOLLLLL PLZZ HELP

Answers

Answer:

a natural ability

Explanation:

It says

Help pls? Western Europe

Answers

Answer: Dairy products

Write a journal entry from the perspective of a Georgia farmer. Explain the hardships faced during the Great Depression

Answers

Answer: Us farmers tried to sell most of the food we grew for money to buy clothes and necessities. We saved some food to eat and tried our best at developing things again. Some farmers as well sold farm animals as well as repopulating them. There were some problems many of us ran out of seeds and animals, which gave us a hard times.

what is a human person in society​

Answers

Human person exists to relate with others, Society and its various aspects provide supports that ensures the development of the human person.


While many African women converted to Islam, which behavior, observed by 14th century Arab traveler Ibn Battuta, went against
north African and Middle Eastern Muslim tradition?
A)
eating pork
B)
female Imams
going barefoot
D)
lack of veiling

Answers

The answer is b ! good luck :)

Answer: D

Explanation: I got it right!, hope this helps

Which challenge does Canada face in its effort to reduce the use of fossil fuels?


A Fossil fuels are a large industry in the economy.


B There is no interest in developing other fuel sources.


C The cost of alternate fuel sources is too high.


D Manufacturers refuse to stop using fossil fuels.

Answers

Answer:

c

Explanation:

Answer:

. .

Explanation:

I can assure you that's the correct answer :)

PLS HELP I WILL MARK BRAINLIEST

Answers

Answer:

what do you need help with?

What are the continuing education information campaigns of the CHED and other institutions in solid waste management?​

Answers

Answer:

To create awareness among people about the management and harmful effects of these solid waste.

Explanation:

The educational information campaigns of the CHED and other institutions in solid waste management are provided in order to create awareness among people. These campaigns are created to inform people about the right way to manage solid wastes in the society and tell people the harmful effects of these solid waste. With the help of these campaign, people manages solid waste in a right in order to avoid diseases occur through them.

The continuing education information campaigns of CHED and other institutions in solid waste management are those that seek to influence actions and attitudes that promote environmental sustainability.

This type of CHED media has a positive impact on society by promoting the importance of solid waste management for environmental preservation.

Therefore, by instituting continuing education campaigns, CHED will assist in disseminating information on the effectiveness of solid waste management for sustainability and social awareness on this issue.

Learn more here:

https://brainly.com/question/23667629

what causes the surface of earth to change over time

Answers

Answer:

earthquakes and volcanoes.

Explanation:

Answer:

Wind, water, and ice break down large rocks and move sediments on the surface. It usually takes years for weathering, erosion, and deposition to cause noticeable changes. Some events, though, change Earth's surface much more quickly.

Hope this helped, have a good day

Which statements best describe her paragraph? Select three options. Sentence 1 offers a logical reason that supports Beatriz's claim. Sentences 2–3 do not offer relevant evidence to support the main idea of the paragraph. Sentences 2–5 could be supported by relevant examples of Dylan's lyrics. Sentences 2–5 do not offer sufficient evidence to support the main idea of the paragraph. Sentence 6 introduces a new reason rather than evidence that supports the main idea of this paragraph.

Answers

Answer: A,C & E

Explanation:

edg

Answer:

a,c,e

Explanation:

106-07-004-SST
gro
amount of
ACTIVITY
RESULTS
Based on information in the Article, which of these happened after Dr. Ochoa logged nearly 1,000
hours in orbit?
physics (n
a science to
and energy
on each oth
electricity,
Hint
А
She watched as Dr. Sally Ride became the first American woman to go into space.
research
careful stud
and report
something
B
She worked as an engineer at NASA.
Extras
с
She received NASA's Distinguished Service Medal.
Puzzle
She gave a short concert, which turned into a funny physics lesson in a weightless
Citations
D
environment.
Rubric
Take Nc
Submit
As you read
Ochoa's stor
determinatio

Answers

Answer:

A,C,D

Explanation:

Because it just sounds like so much fun

Closure is the process of
O A. filling in missing parts.
O B. interacting with our senses.
O C. finding proximity.
O D. finishing a sensation.

Answers

Answer:

A. filling in missing parts.

Explanation:

The question above is related to the subject, "Psychology." This is related to the "Law of Closure" of the Gestalt Law. This is an illusion that we create by filling in the missing parts whenever we see objects that are broken. So even if a circle has a missing part (incomplete stimulus), we tend to see it (unconsciously) as a whole or as a completely closed circle despite having gaps in between.

Answer:

filling in missing parts

Explanation:

help
meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Answers

Answer:

Crystal Structure | Minerals

Fixed Chemical Composition | Minerals

Identified by Color and Texture | Rocks

Classified by Mode of Formation | Rocks

Explanation:

When coworkers need help, they ask Edwina. She seems to know more about the job than everyone. She graduated with high honors from college and continues to learn all she can about a variety of interests. Edwina would score high in ________. A. conscientiousness B. perception C. thinking D. openness to experience

Answers

Answer:

D. openness to experience

Explanation:

In this scenario, when coworkers need help, they ask Edwina. She seems to know more about the job than everyone. She graduated with high honors from college and continues to learn all she can about a variety of interests. Edwina would score high in openness to experience.

This ultimately implies that, Edwina is the type of individual who is always willing to develop her skills through the acquisition of work related experience. Thus, she has an open mind to becoming experienced at her career.

Creating barriers to trade can lead to which problem?
A. The country will become overly reliant on foreign countries.
B. Other countries will retaliate by creating their own barriers to
trade.
C. Consumers will be more likely to buy luxury goods in foreign
markets.
D. Domestic businesses will face more competition from foreign
companies
SUBMIT

Answers

The problem arises when the barriers created in respect of trade is the retaliation with creating trade restrictions by other countries also.

Option B is correct.

What is trade?

Trade is the act of acquisition and selling of goods and services inside or outside the countries. The importation results in bringing the foreign goods into the home country whereas exportation means sending domestic goods to worldwide regions.

When there are restrictions in engaging with respect to trading activities in the home countries, then the outside countries also implementing the trade restrictions in order to fight back. The restrictions can be heavier taxes, government licensing, tariffs on goods, regulations, rules, duties, etc. which can prevent the worldwide countries to get engage in any kind of trade with the domestic nations.

Therefore, the problem being defined in option B is correct.

Learn more about free trade in the related link:

https://brainly.com/question/1413860

#SPJ5

Elections in the United States reflect which of the following principles? separation of powers. checks and balances. popular sovereignty.federalism.

Answers

Answer:

popular sovereignty

Explanation:

because popular sovereignty is when the people are the source of power and that government does require the consent of the governed 《political power resides with the people》

What is the difference between a pure market economy and a mixed market economy

Answers

Answer:Key Takeaways. Pure capitalism is a free, private economic system that allows voluntary and competing private individuals to plan, produce, and trade without government interference. A mixed economic system is an economy that allows private property ownership, but there is some government involvement

Explanation:

Define security education​

Answers

Answer:

Security education concepts: it is the process of exposing the learner to the knowledge, values, skills, and experiences included in the concepts of security which are necessary for citizens to achieve comprehensive national security.

What is security education?

Security education concepts: it is the process of exposing the learner to the knowledge, values, skills, and experiences included in the concepts of security which are necessary for citizens to achieve comprehensive national security.

What is the reason for security education?

The point of security awareness training is to equip employees with the knowledge they need to combat these threats. Employees cannot be expected to know what threats exist or what to do about them on their own.

Browsing animals in northern Russia eat mostly lichen, a short moss. What is northern Russia's vegetation region?

A. Highland
B. Tundra
C. Temperate grassland
D. Ice cap
Help

Answers

B tundra is the answer

the correct answer is B

Vegetation changes from north to south, and three subdivisions are recognized: Arctic tundra, with much bare ground and extensive areas of mosses and lichens; shrubby tundra, with mosses, lichens, herbaceous plants, dwarf Arctic birch, and shrub willow; and wooded tundra, with more extensive areas of stunted birch, ...

In the nineteenth century, European nations began seizing lands in the Middle East to

A-prevent war between Israel and Palestine

B- Take control of oil reserves

C- Stabilize the warring region

D- Spread Christianity

Answers

Answer:

B- Take control of oil reserves

Explanation:

Around 65% of the oil Reserves in the world are located in the middle east region. In the 19th century, the European industries started their transition from using coal as the main energy fuel into oil. This made a lot of them set their eyes to take control of the middle east region.

This interest is considered as the stem of conflict between the western nations and the middle east region even to this day,.

According to the Anti-Federalist Papers, are the Bill of Rights necessary? Why or why not? Cite evidence from at least one of the Anti-Federalist Papers to support your claim.

Answers

Answer:

They believe that the Bill of Rights are not necessary because the government should have control over these decisions.

The Federalists wanted a strong government and strong executive branch, while the anti-Federalists wanted a weaker central government. The Federalists did not want a bill of rights —they thought the new constitution was sufficient. The anti-federalists demanded a bill of rights.

Explanation:

Answer:

[tex]\boxed {\boxed {\sf Necessary}}[/tex]

Explanation:

The Anti-Federalists felt that a Bill of Rights was necessary.

Here is an excerpt from the 46th Anti-Federalist paper:

"The Congress are therefore vested with the supreme legislative power, without control. In giving such immense, such unlimited powers, was there no necessity of a Bill of Rights, to secure to the people their liberties?"

In this quote, the Anti-Federalists state that the legislative branch is given great , but not restricted power. The Anti-Federalists worried the government would be powerful and out of control. They believed a Bill of Rights would protect the people and their freedoms, in case the government tried to rob the people of their rights.

What are the behaviour against SDG

Answers

Explanation:

To make progress we need to better understand the importance of choice of peoples desire and need.

Pyramids served which of the following functions in early Mesoamerican civilizations? O A. Courthouses O B. Centers of trade O C. Military fortresses OD. Religious temples​

Answers

D religious temples I think

Using prescribed wildfires can prevent natural wildfires from posing as great a risk to property owners

Answers

Answer:

True.

Explanation:

The given statement asserts a true claim regarding the use of recommended wildfires assisting in halting natural wildfires in distinction to producing a great threat to the property holders. These wildfires include recommended burns which assist in maintaining the controlled fire applications through a particular team of experts. It helps in preventing burning, reducing hazards, backfire, etc. Thus, the statement is true.

Answer:

True

Explanation:

It true edg

Other Questions
6. What does the photograph indicate about those involved inprotests and demonstrations on behalf of the poor andunemployed? In a blank, the President can instruct members of the executive branch to carry out certain functions in the interest of the President fulfilling his or her Constitutionally prescribed duties. These have the effect of law and are also subject to interpretation by the Supreme Court as well as judicial review. Will mark as brainliest if correct! (#14) The TCP/IP Application Layer and the OSI Application Layer are relevant mainly to programmers, not to network technicians.True/False In a movie theater, there are children and adults in the ratio 4:7. If there are 21 adults, how many people total are there in the theater? What a subject pronoun for es una chica is the following true or false? d3/dx3(xsin(x))=-xcos(x)-3sin(x) Witch is equavalent to 2/3 all that are true simplify the following square root -1= How do I solve this and check all the solutions? What is a good hook on budgeting Use the drop-down menus to identify the voice of each underlined verb.Two homes were broken into, but there are still no suspects.Active voice/Passive voiceThe radio disc jockey recommended the show.Active voice/Passive voiceThe neighbors tulips were trampled last night by my new puppy.Active voice/Passive voiceThat song gives Amelia a headache every time she hears it.Active voice/Passive voice Solve the formula 5x + 2y = 19 for y Isaac is purchasing two pairs of shoesone pair for $37.00 and the second pair for $42.00. The state sales tax applied to Isaacs bill is 7%. How much is Isaacs total bill? Show your work. A model giraffe has a scale of 1 in : 3 ft. If the real giraffe is 12 ft tall, then how tall is the model giraffe? Why do you think these groups have a high risk of osteoporosis? A 235-kg merry-go-round at the Great Escape in Lake George is in the shape of a uniform, solid, horizontal disk of radius 1.50 m. It is set in motion by wrapping a rope about the rim of the disk and pulling on the rope. What constant force would have to be exerted on the rope to bring the merry-go-round from rest to an angular speed of 0.400 rev/s in 2.00 s? Write an equation of a line through the points (-3, 4) and (-2,7) in standard form. PLEASE HURRY!!!Owen needs to print a large document. He printed the first 35 pages earlier, and the printer can print 23 pages per minute. Which of the following solutions are viable that relate to the number of minutes the printer is running and the total number of completed pages Owen has printed? Select the two correct answers. 1: A total of 128 pages are printed after 3 minutes 2: a total of 122.5 pages are printed after 4.5 minutes 3: a total of 81 pages are printed after 2 minutes 4: a total of 150 pages are printed after 5 minutes 5: a total of 138 pages are printed after 6 minutes. What is the solution to the equation represented by the model below?3 x tiles and 8 positive 1 tiles = 4 x tiles and 6 positive 1 tilesx = negative 14x = negative 2x = 2x = 14.