Policymakers' Attempts to Use the Phillips Curve to Reduce the Unemployment

Multiple Choice

Policymakers' attempts to use the Phillips curve to reduce the unemployment rate below the natural rate

A) will be successful since the Phillips curve shows the relationship between the inflation rate and the unemployment rate.
B) will be successful if monetary policy is used.
C) will be unsuccessful if monetary policy is used since monetary policy leads to higher prices.
D) will be unsuccessful since workers' expectations adjust to attempts to reduce unemployment below the natural rate.