The figure given below shows the Phillips curves of the U.S.economy during early 1960s to late 1970s. Figure 14.2 Refer to Figure 14.2.Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation.Which curve would be associated with the late 1970s in the United States?
A)I
B)II
C)III
D)IV

Question

The figure given below shows the Phillips curves of the U.S.economy during early 1960s to late 1970s. Figure 14.2  Refer to Figure 14.2.Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation.Which curve would be associated with the late 1970s in the United States?
A)I 
B)II 
C)III 
D)IV

Quizplus · Accepted Answer

The Answer of The figure given below shows the Phillips curves of the U.S.economy during early 1960s to late 1970s. Figure 14.2  Refer to Figure 14.2.Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation.Which curve would be associated with the late 1970s in the United States?
A)I 
B)II 
C)III 
D)IV

The Figure Given Below Shows the Phillips Curves of the U.S.economy