Contrary to what the Phillips curve would have predicted, the ...

[bobbysung]

Contrary to what the Phillips curve would have predicted, the U.S. economy in the 1970s experienced simultaneous increases in inflation and unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

As people come to expect higher inflation, the long-run Phillips curve shifts leftward.
 a. True
  b. False
  Indicate whether the statement is true or false

[kingfahad97]

Answer to Question 1

True

Answer to Question 2

False

[bobbysung]

Excellent

[blakcmamba]

Gracias!