In the United States, the Phillips curve in the 1960s:
A)shifted upward dramatically.
B)shifted upward moderately.
C)remained stable.
D)shifted downward moderately.
E)shifted downward dramatically.

Question

Quizplus · Accepted Answer

During the 1960s, the Phillips curve in the United States was considered stable, showing a consistent inverse relationship between inflation and unemployment.

In the United States, the Phillips Curve in the 1960s