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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