The work of Robert Lucas and Thomas Sargent ________ the existence of a downward-sloping Phillips Curve in the ________.
A)first proposed,short run
B)first proposed,short and long runs
C)cast further doubt on,long but not short run
D)cast further doubt on,short and long runs

Question

Quizplus · Accepted Answer

Robert Lucas and Thomas Sargent's work cast further doubt on the existence of a downward-sloping Phillips Curve in both the short and long runs.

The Work of Robert Lucas and Thomas Sargent ________ the Existence