The Phillips curve was ________.
A) adopted by economic policy teams in the Kennedy and Johnson administrations
B) influential in efforts to bring the unemployment rate down to low levels
C) discredited in the 1970s,when both inflation and unemployment were relatively high
D) all of the above
E) none of the above
Correct Answer:
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Q2: The idea behind the Phillips curve is
Q3: The Phillips curve was _.
A)never very popular
Q4: The idea behind the Phillips curve is
Q5: The idea behind the Phillips curve is
Q6: Milton Friedman and Edmund Phelps contributed which
Q7: In the 1960s,the Phillips curve was _.
A)a
Q8: What can be concluded from Milton Friedman
Q9: Observations of inflation in the 1970s prompted
Q10: _ is (are)the endogenous variable(s)in the Phillips
Q11: In Milton Friedman and Edmund Phelps' expectations-augmented
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