Figure 16.1

-Refer to Figure 16.1. 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) None of these

Question

Figure 16.1
 
-Refer to Figure 16.1. 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) None of these

Quizplus · Accepted Answer

The Answer of Figure 16.1
 
-Refer to Figure 16.1. 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) None of these

Figure 16.1 -Refer to Figure 16.1. Phillips Curve II Is Associated with II