What Do the Data for the Period of 1968 Through

question 15

Multiple Choice

What do the data for the period of 1968 through 1973 demonstrate?

• A) that there is a short-run tradeoff between inflation and unemployment
• B) that a supply shock can disrupt the short-run tradeoff between inflation and unemployment
• C) that there is a long-run tradeoff between inflation and unemployment
• D) that a demand shock can disrupt the short-run tradeoff between inflation and unemployment

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