The Phillips curve from the 1960s suggested to the policy makers of the time that they could lower ________ by using policies that would ________ inflation.
A)aggregate output; lower
B)aggregate output; higher
C)unemployment; lower
D)unemployment; higher

Question

Quizplus · Accepted Answer

The Phillips curve from the 1960s indicated an inverse relationship between unemployment and inflation, suggesting that policymakers could reduce unemployment by accepting higher inflation.

The Phillips Curve from the 1960s Suggested to the Policy