The Misery Index Diminished During the First Reagan Administration,which Means

question 34

Multiple Choice

The misery index diminished during the first Reagan administration,which means that the Phillips curve

• A)Maintained its position despite important changes in the composition of the labor force.
• B)Shifted to the left,thereby implying an easing of the trade-off between inflation and unemployment.
• C)Shifted to the right,thereby implying that stagflation had become a more acute problem than before.
• D)Flattened out,thereby implying that some amount of inflation is consistent with any rate of unemployment.