Inflation targeting is one policy that attempts to deal with the problem of:

General equilibrium occurs in autarky at the point where the community indifference curve intersects the production possibilities frontier

Indicate whether the statement is true or false

Adverse shocks such as the crop failures of 1972–1973 and the oil price increases of 1974 and 1979 pushed the economy’s

A. aggregate supply curve outward. B. Phillips curve inward toward the origin. C. aggregate supply curve inward. D. aggregate demand curve inward.