A Policy Implication of the Downward-Sloping Phillips Curve Is That

question 76

Multiple Choice

A policy implication of the downward-sloping Phillips curve is that:

• A) monetary policy is more appropriate than fiscal policy in controlling inflation.
• B) it is not possible for the economy to achieve full employment.
• C) policy makers may face a trade-off between inflation and unemployment.
• D) it is possible to control inflation and maintain a high level of employment.

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