Current Thinking on the Phillips Curve Suggests That It Would

question 83

Multiple Choice

Current thinking on the Phillips curve suggests that it would be best for policy makers to:

• A)focus on controlling unemployment.
• B)stimulate permanent shifts in aggregate supply.
• C)focus on controlling inflation.
• D)stimulate permanent shifts in aggregate demand.
• E)develop a two-pronged policy to control both unemployment and inflation.

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