During the 1960s Many Keynesian Economists Felt That,by Studying the Phillips

Multiple Choice

During the 1960s many Keynesian economists felt that,by studying the Phillips curve,

A) policymakers could dispense with the Bank of Canada's open market operations.
B) policymakers could fine-tune the economy by selecting policies that would produce the exact mix of unemployment and inflation that suited current government objectives.
C) the Prime Minister and Parliament did not need to attempt to balance the budget.
D) policymakers could eliminate even frictional unemployment in the economy.