The economic theory that suggested an alternative to the rising unemployment and inflation that the static Phillips curve analysis could not explain was the:
A)new classical economic theory.
B)monetarist economic theory.
C)new Keynesian economic theory.
D)classical economic theory.
E)traditional Keynesian economic theory.

Question

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The new classical economic theory suggested an alternative to the rising unemployment and inflation that the static Phillips curve analysis could not explain.

The Economic Theory That Suggested an Alternative to the Rising