Which of the Following Factors Contributed to the Collapse of the Phillips

question 143

Multiple Choice

Which of the following factors contributed to the collapse of the Phillips curve in the 1970s?

• A)Economic research proved there was no relationship between inflation and unemployment rates.
• B)The U.S.government was running triple-digit deficits in the 1970s, compounding the normal shifts in aggregate demand.
• C)The 1970s were full of adverse supply shocks such as the oil price increases of 1973-1974.
• D)The aggregate demand curve shifted to the left at the end of the Vietnam War.

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Definitions:

Abundance Of Resources

A situation where there is more than enough of various resources, such as time, money, and materials, available for use.

ISD Model

A process framework for developing educational and training programs in a consistent and reliable manner, focusing on aligning learning objectives with outcomes.

Start Of Training

The initial phase or moment when a training program begins, often involving introductions, goals overview, and engagement of participants.

Employee Involvement

Organizational strategies and practices designed to engage staff in decision-making processes and operational improvements for better outcomes and satisfaction.