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    Macroeconomics Study Set 26
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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 18

Question 18

Multiple Choice

Which of the following contributed to high levels of inflation in the 1970s?
i.Soviet invasion of Afghanistan
ii.loose monetary policy
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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