Multiple Choice
Which of the following statements is true ?
A) The Phillips curve has always been stable.
B) If the Phillips curve shifts outward to the right this illustrates a greater tradeoff between unemployment and inflation.
C) Keynesian economics assumes a vertical Phillips curve.
D) According to the natural rate hypothesis the Phillips curve is downward sloping.
E) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
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