Multiple Choice
The Phillips curve of the 1960s for the United States
A) showed stagflation in the U.S. economy.
B) suggested to policymakers that they could keep unemployment low by accepting moderate inflation.
C) indicated that to keep unemployment low, policymakers had to accept double-digit rates of inflation.
D) was nearly a vertical line.
Correct Answer:
Verified
Correct Answer:
Verified
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