During the period _____,the short-run Phillips curve for the United States was farthest from the origin.
A)1960 to 1964
B)1964 to 1969
C)1970 to 1973
D)1974 to 1983
E)1984 to 1989

Question

Quizplus · Accepted Answer

The period from 1974 to 1983 in the United States was characterized by high inflation and unemployment rates, which would place the short-run Phillips curve farthest from the origin, reflecting the worst trade-off between inflation and unemployment. This period includes the aftermath of the 1973 oil crisis and the early 1980s recession.

During the Period _____,The Short-Run Phillips Curve for the United