In the 1980s, U

Multiple Choice

In the 1980s, U.S.economists acknowledged that, it was not possible to exploit the tradeoff suggested by the Philips curve of the 1960s.This realization led to more stable macroeconomic policy, which in turn contributed to:

A) more volatility in real output.
B) less volatility in real output.
C) complete removal of unemployment.
D) more volatility in the price level.
E) short business cycles.