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In the Early 1960s,the Discovery of the Phillips Curve Relationship

Question 139

Multiple Choice

In the early 1960s,the discovery of the Phillips curve relationship caused economists and policy makers to think that they understood the trade-offs between:


A) aggregate supply and aggregate demand.
B) interest rate and investment.
C) inflation and unemployment.
D) monetary and fiscal policy.
E) rule-making and discretionary policy.

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