One of the Reasons Why the Phillips Curve Is No

question 182

Multiple Choice

One of the reasons why the Phillips curve is no longer viewed as a "menu" of possible choices available to policymakers is that

• A)in the 1970s and 1980s there was no inflation at all.
• B)analysis indicates there was no such "menu" in the 1960s.
• C)in the 1970s and 1980s much inflation came from the supply side.
• D)economic theory is unable to explain the curve and, therefore, it has been rejected.