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Milton Friedman and Edmund Phelps contributed which insight(s) to Phillips curve analysis? Group of answer choices that firms and workers care about real wages that
Milton Friedman and Edmund Phelps contributed which insight(s) to Phillips curve analysis?
Group of answer choices
that firms and workers care about real wages
that a "realistic" goal of 7% unemployment and 6% to 7% inflation rates could be achieved
that, in the long run, sticky wages and staggered prices prevent unemployment from remaining low
that firms and workers care more about nominal wages.
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