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In the 1960s and Early 1970s, Many Economists and Policymakers

Question 102

Multiple Choice

In the 1960s and early 1970s, many economists and policymakers thought the Phillips curve was


A) interesting, but had no theory behind it.
B) invalid and of no use to policymakers.
C) of no interest in making macroeconomic policy.
D) a "menu" of possible choices available to policymakers.

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