Multiple Choice
When the Phillips curve was first formulated (late 1960s) , many economists thought that it showed a
A) "menu" of budget deficits from different budget policies.
B) "menu" of possible choices available to policymakers.
C) guide to the appropriate mix of fiscal and monetary policy.
D) guide of political reactions to economic policy.
Correct Answer:
Verified
Correct Answer:
Verified
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