Friedman focusing on the natural rate of unemployment which is: 0. The exchange rate at which the unemployment reaches its minimum level. o The GDP rate at which the unemployment equal inflation rate. o. The point in an economy when unemployment reaches its natural limit when the labor market is in equilibrium. 0. The interest rate at which unemployment at highest rate . Friedman argued that if the money supply is reduced through monetary policy to check inflation, such policy will because of ...........expectations O. Upward shift in the Philips curve, inflationary O. Upward shift in the Phillips curve, deflationary Lower Phillips curve, deflationary Lower Phillips curve, inflationary A central feature of monetary policy strategies in all countries is the use of a Nominal anchor, which is a nominal variable that monetary policymakers use as an Intermediate target to achieve an ultimate goal such as price stability 0. Operating target, such as the federal funds interest rate, Operating target to achieve an ultimate goal such as exchange rate. O Intermediate target such as the federal funds interest rate
