In Recent Decades,the Statistical Inverse Relationship Between the Inflation Rate

question 46

Multiple Choice

In recent decades,the statistical inverse relationship between the inflation rate and the unemployment rate observed during the 1960s appears to have broken down.One explanation for this puzzle is provided by the

• A) basic Keynesian model.
• B) AD-AS model.
• C) short-run Phillips curve model.
• D) expectations-augmented Phillips curve model.
• E) planned aggregate expenditure model.

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