According to economic analyst Richard Gill,the reason the government policy makers were so ineffective in combating stagflation in the 1970s was that they
A) focused solely on supply-side forces and ignored significant changes in aggregate demand.
B) relied too heavily on changes in taxes rather than changes in the money supply.
C) shifted back and forth between fighting inflation and fighting unemployment, using demand-oriented policies.
D) did not have accurate data on the actual rate of inflation and unemployment.
E) relied too heavily on the ability of our economy to regulate itself without government intervention.

Question

Quizplus · Accepted Answer

Richard Gill points out that government policymakers were ineffective in combating stagflation in the 1970s because they oscillated between addressing inflation and unemployment with demand-oriented policies, rather than adopting a consistent approach.

According to Economic Analyst Richard Gill,the Reason the Government Policy