The figure given below shows the Phillips curves of the U.S. economy during early 1960s to late 1970s.
Figure 14.2

-Refer to Figure 14.2. Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation. Which curve would be associated with the late 1970s in the United States?
A) I
B) II
C) III
D) IV
E) V

Question

The figure given below shows the Phillips curves of the U.S. economy during early 1960s to late 1970s.
Figure 14.2
 
-Refer to Figure 14.2. Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation. Which curve would be associated with the late 1970s in the United States?
A) I 
B) II 
C) III 
D) IV 
E) V

Quizplus · Accepted Answer

The Answer of The figure given below shows the Phillips curves of the U.S. economy during early 1960s to late 1970s.
Figure 14.2
 
-Refer to Figure 14.2. Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation. Which curve would be associated with the late 1970s in the United States?
A) I 
B) II 
C) III 
D) IV 
E) V

The Figure Given Below Shows the Phillips Curves of the U.S