Stagflation's demise during the 1980s resulted in a
A)movement along the Phillips Curve toward less unemployment.
B)movement along the Phillips Curve toward more inflation.
C)shift in the Phillips Curve to the left.
D)shift in the Phillips Curve to the right.

Question

Quizplus · Accepted Answer

Stagflation's demise in the 1980s was associated with a shift in the Phillips Curve to the left, indicating a reduction in both inflation and unemployment due to effective monetary policies and structural economic changes.

Stagflation's Demise During the 1980s Resulted in a