In the 1960s, in the United States:
A) both the inflation rate and the unemployment rate rose at the same time.
B) the unemployment rate rose but the inflation rate fell.
C) the inflation rate rose but the unemployment rate fell.
D) both the inflation rate and the unemployment rate fell.
Correct Answer:
Verified
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Q48: Demand-pull inflation is the result of:
A) high
Q49: The assumption of adaptive expectations for inflation
Q50: The short-run Phillips curve:
A) shifts upward if
Q52: The most prominent feature of the U.S.
Q53: Use the following to answer questions
Q54: Use the following to answer questions :
Short-run
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