The original (1958 ) Phillips curve differed from the Samuelson-Solow Phillips curve in that
A) the former was based on American data, while the latter was based on British data.
B) the former measured price inflation rates, while the latter used wage inflation rates.
C) the former was based on British data, while the latter was based on American data.
D) the former measured nominal GDP, while the latter used Real GDP.
E) a and b
C
Economics
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Some economists believe that government bailouts privatize the benefits of doing business and socialize the costs, leading to more companies needing to be bailed out
Indicate whether the statement is true or false
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