Question: QUESTION ( i ) ANSWER According to Milton Friedman, differences between the actual and expected inflation rates could lead the actual unemployment rate to rise

QUESTION (i)
ANSWER
According to Milton Friedman, differences between the actual and expected inflation rates could lead the actual unemployment rate to
rise above or fall below the natural rate
rise above the natural rate, but not fall below it
fall below the natural rate, but not rise above it
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QUESTION ( i ) ANSWER According to Milton

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