Multiple Choice
Which of the following statements about the Phillips curve is not true?
A) It bears its name because of A.W.Phillips, a British economist who first showed that such a correlation existed.
B) It was originally shown to exist in British data from 1861 to 1957.
C) The Phillips curve was used in the 1960s and 1970s to justify a monetary policy that included higher inflation.
D) It reflects a negative correlation between the unemployment rate and the inflation rate.
E) All of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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