Multiple Choice
What do the data for the period of 1968 through 1973 demonstrate?
A) that there is a short-run tradeoff between inflation and unemployment
B) that a supply shock can disrupt the short-run tradeoff between inflation and unemployment
C) that there is a long-run tradeoff between inflation and unemployment
D) that a demand shock can disrupt the short-run tradeoff between inflation and unemployment
Correct Answer:

Verified
Correct Answer:
Verified
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