After the 1960s,the short-run Phillips curve based on U.S.economic data
A)began shifting inward
B)began shifting outward
C)shifted little or none at all
D)became virtually horizontal
E)became virtually vertical

Question

Quizplus · Accepted Answer

The short-run Phillips curve began shifting outward after the 1960s due to factors like stagflation, where both inflation and unemployment rose, challenging the original inverse relationship between the two.

After the 1960s,the Short-Run Phillips Curve Based on U