In the 1960s, advocates of the Phillips curve suggested ________. A)
In the 1960s, advocates of the Phillips curve suggested ________.
A) an “optimal” goal of 1% unemployment and 1% to 2% inflation rates could be achieved
B) a “realistic” goal of 7% unemployment and 6% to 7% inflation rates could be achieved
C) a “nonperfectionist” goal of 3% unemployment and 4% to 5% inflation rates could be achieved
D) all of the above
E) none of the above
ANSWER
C
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