During the 1960s, many Keynesian economists felt that by studying the Phillips curve
A) policy makers could fine-tune the economy by selecting policies that would produce the exact mix of unemployment and inflation that suited current government objectives.
B) policy makers could eliminate even frictional unemployment in the economy.
C) the President and Congress did not need to attempt to balance the budget.
D) policy makers could dispense with the Federal Reserve's open-market operations.
A
Economics
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How do changes in the money wage rate affect the LAS and SAS curves? Explain your answer
What will be an ideal response?
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The increase in bank supervision in the United States in the 1980s and early 1990s was due to an increase in bank
A. profits. B. ownership of common stocks. C. failures. D. deposits and loans.
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