Which of the Following Statements About the Phillips Curve Is

question 141

Multiple Choice

Which of the following statements about the Phillips curve is not true?

• A)It bears its name because of A.W.Phillips, a British economist who first showed that such a correlation existed.
• B)It was originally shown to exist in British data from 1861 to 1957.
• C)The Phillips curve was used in the 1960s and 1970s to justify a monetary policy that included higher inflation.
• D)It reflects a negative correlation between the unemployment rate and the inflation rate.
• E)All of these are true.

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