In 1980,the Combination of Inflation and Unemployment the U

question 47

Multiple Choice

In 1980,the combination of inflation and unemployment the U.S.was experiencing

• A)resulted from a leftward shift of the short-run Phillips curve.
• B)was consistent with feasible inflation-unemployment combinations provided by the Phillips curve of the 1960s.
• C)followed two supply shocks that were triggered by the Organization of Petroleum Exporting Countries.
• D)All of the above are correct.

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Definitions:

Sole Proprietorships

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.