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During the 1960s, most economists believed that expansionary macro-policy a. that caused inflation would permanently reduce unemployment. b. that caused inflation would permanently increase unemployment.

During the 1960s, most economists believed that expansionary macro-policy

a.

that caused inflation would permanently reduce unemployment.

b.

that caused inflation would permanently increase unemployment.

c.

could not be utilized to reduce unemployment.

d.

did not affect inflation.

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Question

During the 1960s, most economists believed that expansionary macro-policy a. that caused inflation would permanently reduce unemployment. b. that caused inflation would permanently increase unemployment.

During the 1960s, most economists believed that expansionary macro-policy a. that caused inflation would permanently reduce unemployment. b. that caused inflation would permanently increase unemployment. c. could not be utilized to reduce unemployment. d. did not affect inflation.

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

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Recommended Textbook for

Introduction To Health Care Management

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Question

During the 1960s, most economists believed that expansionary macro-policy

a.

that caused inflation would permanently reduce unemployment.

b.

that caused inflation would permanently increase unemployment.

c.

could not be utilized to reduce unemployment.

d.

did not affect inflation.