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U.S. monetary policy in the 1960s was driven by which of the following assumptions, as demonstrated by the Phillips Curve? Multiple choice question. Price stability
U.S. monetary policy in the 1960s was driven by which of the following assumptions, as demonstrated by the Phillips Curve? Multiple choice question. Price stability and full employment are incompatible goals. Increasing aggregate demand raises the unemployment rate. Reducing the inflation rate leads to a drop in unemployment. When nominal wages are flexible, input prices are fixed
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