By About 1973,U.S.policymakers Had Learned That

question 114

Multiple Choice

By about 1973,U.S.policymakers had learned that

• A)there is no trade-off between inflation and unemployment in the short run.
• B)there is no trade-off between inflation and unemployment in the long run.
• C)Friedman's analysis of inflation and unemployment had been correct,and Phelps's analysis of inflation and unemployment had been incorrect.
• D)Phelps's analysis of inflation and unemployment had been correct,and Friedman's analysis of inflation and unemployment had been incorrect.

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