Samuelson and Solow believed that the Phillips curve
A)implied that low unemployment was associated with low inflation.
B)indicated that the aggregate supply and aggregate demand model was incorrect.
C)offered policymakers a menu of possible economic outcomes from which to choose.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Samuelson and Solow believed that the Phillips curve offered policymakers a trade-off between inflation and unemployment, allowing them to choose different combinations of these outcomes.

Samuelson and Solow Believed That the Phillips Curve