Multiple Choice
How was the Phillips curve for most of the 1990s and why?
A) It was fairly far to the right partly because of lower inflation expectations.
B) It was fairly far to the left partly because of lower inflation expectations.
C) It was fairly far to the right partly because of adverse supply shocks.
D) It was fairly far to the left partly because of adverse supply shocks.
Correct Answer:
Verified
Correct Answer:
Verified
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