15.1 of our textbook told us that the Fed is trying to do a balancing act between managing unemployment and the inflation rate. It then presented a Bullseye graph on page 323 that showed us that the Fed is trying to decide the best monetary policy to pursue since there is a presumably a tradeoff between inflation and unemployment. Professor Ed Torres recently posted a small Powerpoint presentation on something called the Philips Curve. What message was Professor Torres trying to convey to his students? Multiple Choice O That the so-called Phillips curve tradeoff between inflation and unemployment is a fallacy. O That Fed Chairman Jerome Powell has declared that the Phillips Curve is now dead. O That from the 1970s onward, there has been no clear-cut tradeoff between inflation and unemployment. Indeed, during the Trump Administration, America had the best of both worlds from 2017 to 2019 and had both low inflation and record low unemployment