Question
16) The main reason behind the unraveling of the Phillips curve is: a) the anticipation of inflation by the people b) unemployment became too low,
16) The main reason behind the unraveling of the Phillips curve is:
a) the anticipation of inflation by the people
b) unemployment became too low, igniting inflation
c) the fiscal deficits were too big
d) none of the above
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Managerial economics applications strategy and tactics
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
12th Edition
9781133008071, 1439079234, 1133008070, 978-1439079232
