After the Events of the 1970s,economists Learned That

question 83

Multiple Choice

After the events of the 1970s,economists learned that

• A)Attempts to trade off unemployment and inflation would only work for a short period of time
• B)Shocks to the aggregate supply could alter the relationships between unemployment and inflation
• C)The Phillips curve relationship was not stable
• D)The Phillips curve shifted over time
• E)All of the above

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