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During the 1960s and Early 1970s, Economists Believed That the Phillips

Question 75

Multiple Choice

During the 1960s and early 1970s, economists believed that the Phillips curve indicated


A) that higher inflation was the price for more unemployment.
B) that higher levels of employment could be achieved with lower inflation.
C) a menu of choices for policymakers.
D) All of these responses are correct.

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