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    Exam 12: Monetary Policy and the Phillips Curve
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    Which of the Following Contributed to High Levels of Inflation
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Which of the Following Contributed to High Levels of Inflation

Question 80

Question 80

Multiple Choice

Which of the following contributed to high levels of inflation in the 1970s?
i.oil price shocks
ii.lower taxes
iii.a productivity slowdown


A) i only
B) ii only
C) iii only
D) i and iii
E) ii and iii

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