The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

A. lower unemployment rate will tend to lower the inflation rate
B. lower unemployment rate will tend to raise the inflation rate
C. raise inflation rate will tend to raise the unemployment rate
D. lower inflation rate will tend to raise the unemployment rate

Correct Answer: lower unemployment rate will tend to raise the inflation rate ✔

Last Updated: June 11, 2019