In the 1960s,the Phillips Curve Was ________

question 18

Multiple Choice

In the 1960s,the Phillips curve was ________.

• A)a very popular explanation for inflation fluctuations
• B)consistent with a clear negative relationship between inflation and unemployment
• C)suggestive of a permanent trade off between inflation and unemployment
• D)all of the above
• E)none of the above

---

Definitions:

Income Inequality

The uneven distribution of income within a population, leading to financial disparity among its members.

Official Definition

An explicitly stated and widely accepted explanation or meaning of a word or concept, often provided by a reputable or governing authority.

Low-Income Cut Off

A threshold used by researchers and policymakers to define the income level below which a family or individual is considered to be living in poverty.

Poverty

The state of having insufficient financial resources to meet the basic needs of living, including food, shelter, and healthcare.