Top Posters
Since Sunday
6
w
4
c
4
r
4
m
3
m
3
u
3
m
3
e
3
k
3
N
3
y
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Roar Roar
wrote...
Go to Answer
Posts: 986
Rep: 0 0
7 years ago
Which of the following explains why the original Phillips curve relation disappeared or, as some economists have remarked, "broke down" in the 1970s?
A) individuals assumed the expected price level for the current year would be equal to the actual price level from the previous year.
B) individuals assumed that expected inflation would be zero
C) individuals changed the way they formed expectations of inflation.
D) monetary policy became contractionary.
E) more labor contracts became indexed to changes in inflation.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
Read 55 times
2 Replies
Replies
Answer verified by a subject expert
legendvpnlegendvpn
wrote...
#1
Top Poster
Posts: 686
Rep: 13 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Roar Author
wrote...
#2
6 years ago
Thank you kind sir
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  490 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 284
  
 97
  
 252
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 437
Previous poll results: What's your favorite funny biology word?