Q
The view of the Phillips curve that prevailed in the 1960s implied that policies that ?
-
A
A. Lower unemployment rate will tend to lower the inflation rate
-
B
B. Lower unemployment rate will tend to raise the inflation rate
-
C
C. Raise inflation rate will tend to raise the unemployment rate
-
D
D. Lower inflation rate will tend to raise the unemployment rate
Correct Answer:
B. B. Lower unemployment rate will tend to raise the inflation rate
