A.W.Phillips's discovery of a particular relationship between unemployment and inflation for the United Kingdom
A) could not be extended to other countries,despite many researchers' attempts to provide that extension.
B) was quickly extended to other countries by researchers.
C) was extended to only one other country - the United States.
D) was harshly criticized by the American economists Paul Samuelson and Robert Solow on the grounds that Phillips's study was fundamentally flawed.
Correct Answer:
Verified
Q10: Samuelson and Solow reasoned that when aggregate
Q11: A.W.Phillips' findings were based on data
A)from 1861-1957
Q13: When aggregate demand shifts right along the
Q14: The economist A.W.Phillips published a famous article
Q16: A.W.Phillips found a
A)positive relation between unemployment and
Q17: The short-run relationship between inflation and unemployment
Q18: The short-run Phillips curve shows the combinations
Q19: Samuelson and Solow argued that a combination
Q20: When aggregate demand shifts rightward along the
Q140: Samuelson and Solow reasoned that when aggregate
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