Aggregate Supply, Unemployment & Inflation Mcqs

Q.  Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?

a. a high rate of inflation: along with a low rate of unemployment
b. simultaneously low rates of inflation and unemployment
c. simultaneously high rates of inflation and unemployment
d. a high rate of unemployment along with a low rate of inflation


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  An unspoken agreement between workers and firms that the firm will not cut wages is known as ?
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MCQs:  The expectations augmented Phillips curve was the Work of which group of economists ?
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MCQs:  Which of the following is not one of the four Ps in marketing ?
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MCQs:  In monopolistic competition ?
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MCQs:  in long-run equilibrium in a competitive market, firms are operating at ?
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