One Reason Why the Phillips Curve "Broke Down" Is

question 201

Multiple Choice

One reason why the Phillips curve "broke down" is

• A)most of the inflation of the 1970s was from the demand side.
• B)most of the inflation of the 1970s was from the supply side.
• C)the inflation of the 1970s was foreseen, unlike the inflation of the 1980s.
• D)the inflation of the 1970s was purely random and could not be explained with economic theory.

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Definitions:

Voltage Fluctuations

Variations in the electrical potential difference which can lead to unstable power supply and possibly damage electronic devices.

Electroencephalograph (EEG)

A medical instrument that records the electrical activity of the brain, often used in the diagnosis of epilepsy and other brain disorders.

Impulse Direction

Refers to the path that an electrical impulse follows, especially within the nervous system.

Dendrite

Of a neuron, a cytoplasmic extension that receives chemical signals sent by other neurons.