The failure of the Phillips curve
A)was predicted during the 1960s,before the Phillips curve actually proved to be unstable.
B)was discussed only after the data became available in the 1970s.
C)was shown when the rational expectations were included in the macroeconomic models.
D)was evident by the data during the 1960s.

Question

Quizplus · Accepted Answer

The failure of the Phillips curve was predicted during the 1960s, before the Phillips curve actually proved to be unstable.

The Failure of the Phillips Curve