What did the view of the Phillips curve common in the 1960s imply about policies?
-
-
-
-
Correct answer C. Lower unemployment rate will tend to raise the inflation rate
Explanation
The 1960s view saw a stable trade-off, so policies that pushed unemployment down were expected to push inflation up.
Answer checked · How we write and check questions
Tip: press A, B, C or D to answer, and N for the next question.
Advertisement
Discussion