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:

Dissenting Shareholder

A shareholder who disagrees with a corporate decision and is granted certain rights, like the right to be bought out under specific conditions.

Appraisal Right

A dissenting shareholder’s right to have his or her shares appraised and to receive monetary compensation from the corporation for their value.

Shareholder Vote

An act where individuals or entities holding shares in a corporation participate in deciding on corporate matters through voting.

Consolidation

The process of combining multiple debts, loans, or businesses into a single new loan or corporate entity.