The natural rate of unemployment hypothesis was advocated by–
(A) Milton Friedman
(B) AW Phillips
(C) JM Keynes
(D) RG Lipsey
Correct Answer : Milton Friedman
Question Asked : UPSC CDS 2018 (II)
The natural rate of unemployment is the name that was given to a key concept in the study of economic activity by Milton Friedman. The natural rate of unemployment is the difference between those who would accept a job at the current wage rate and those who are able and willing to take a job
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