Data for the United States traced out an almost perfect Phillips curve for much of the
A)1960s.
B)1970s.
C)1980s.
D)1990s.

Name: Data for the United States traced out an almost perfect Phillips curve for much of the A)1960s. B)1970s. C)1980s. D)1990s.
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During the 1960s, there was a well-established Phillips curve relationship between inflation and unemployment in the United States. This relationship broke down in the 1970s due to unexpected supply-side shocks and changes in inflation expectations.

Data for the United States Traced Out an Almost Perfect