Macro Economic Misery Diminished During the First Reagan Administration,which Means

question 21

Multiple Choice

Macro economic misery 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.