In 1980, the Combination of Inflation and Unemployment the U

question 159

Multiple Choice

In 1980, the combination of inflation and unemployment the U.S. was experiencing

• A)resulted from a leftward shift of the short-run Phillips curve.
• B)was consistent with feasible inflation-unemployment combinations provided by the Phillips curve of the 1960s.
• C)followed two supply shocks that were triggered by the Organization of Petroleum Exporting Countries.
• D)resulted from expansionary monetary policy.