1812EconomicsMedium
Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced?
Aa high rate of unemployment along with a low rate of inflation
Ba high rate of inflation: along with a low rate of unemployment
Csimultaneously low rates of inflation and unemployment
Dsimultaneously high rates of inflation and unemployment
Correct answer
D. simultaneously high rates of inflation and unemployment
Explanation
The correct answer is simultaneously high rates of inflation and unemployment.