The Short-Run Phillips Curve Suggests What Policy Making Implications

Multiple Choice

The short-run Phillips curve suggests what policy making implications?

A) Active policy making does not yield any predictable results.
B) Passive policy making is more effective than active policy making.
C) Using discretionary policies, it may be possible to achieve just the right unemployment and inflation mix.
D) Maintaining both the inflation and unemployment rates at low levels is possible if policy makers will rely solely on nondiscretionary policy making.