The short-run Phillips curve for the United States shifted down from the
A) early 1960s to the early 1970s
B) early 1970s to the late 1970s
C) late 1970s to the late 1980s
D) early 1960s to the late 1970s
E) none of these-the United States' short-run Phillips curve has never shifted down.

Question

Quizplus · Accepted Answer

The short-run Phillips curve shifted down from the late 1970s to the late 1980s due to a combination of factors including changes in monetary policy, reduced inflation expectations, and structural changes in the economy.

The Short-Run Phillips Curve for the United States Shifted Down