During the 1960s many Keynesian economists felt that,by studying the Phillips curve,

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Many Keynesian economists believed that the Phillips curve represented a trade-off between unemployment and inflation, meaning that policymakers could select policies that would produce the desired level of both. This led to the belief that the government could fine-tune the economy to achieve its objectives, such as reducing unemployment while maintaining low inflation. However, this view came under scrutiny in the 1970s when stagflation occurred, and the Phillips curve relationship proved to be more complex than previously thought.

During the 1960s Many Keynesian Economists Felt That,by Studying the Phillips