For Most of the 1990s,the Phillips Curve Was

question 157

Multiple Choice

For most of the 1990s,the Phillips curve was

• A)fairly far to the right partly because of lower inflation expectations.
• B)fairly far to the left partly because of lower inflation expectations.
• C)fairly far to the right partly because of adverse supply shocks.
• D)fairly far to the left partly because of adverse supply shocks.

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