In 1980, the Combination of Inflation and Unemployment the U

Multiple Choice

In 1980, the combination of inflation and unemployment the U.S. was experiencing

A) resulted from a leftward shift of the short-run Phillips curve.
B) was consistent with feasible inflation-unemployment combinations provided by the Phillips curve of the 1960s.
C) followed two supply shocks that were triggered by the Organization of Petroleum Exporting Countries.
D) resulted from expansionary monetary policy.