Part 2. Nobel Prize winner for economics.
Keywords. Nobel Prize for Economics,large forces, unemployment, inflation, national savings, change policy.
Vocabulary. the Royal Swedish Academy of Sciences, macroeconomics, credit, stagflation.
A. Listen to a passage about Edmund Phelps, a Nobel Prize winner for economics.
Complete his major viewpoints below with the information you hear.
Edmund Phelps has been awarded this year's Nobel Prize for economics.
Mr Phelps is a professor of ec
