-Exhibit 16.5 shows a Phillips curve. Combinations of inflation and unemployment that are unattainable as long as the curve itself does not shift are represented by _____
A) point a.
B) point b.
C) point c.
D) points a and b.
E) points c and d.

Question

-Exhibit 16.5 shows a Phillips curve. Combinations of inflation and unemployment that are unattainable as long as the curve itself does not shift are represented by _____
A) point a. 
B) point b. 
C) point c. 
D) points a and b. 
E) points c and d.

Quizplus · Accepted Answer

Points c and d represent combinations of inflation and unemployment that are outside the current Phillips curve, indicating they are unattainable without a shift in the curve itself.