events of the 1970s and early 1980s showed that group of answer choices the phillips curve presents policymakers with a stable menu of choices. cycles of unemployment and inflation rates appear to have gravitated around a 6 percent unemployment rate. lower inflation rates are consistently accompanied by higher unemployment rates. a tradeoff between inflation and unemployment may not always exist.

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rosebelll9123 rosebelll9123

21-11-2022
Business

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events of the 1970s and early 1980s showed that group of answer choices the phillips curve presents policymakers with a stable menu of choices. cycles of unemployment and inflation rates appear to have gravitated around a 6 percent unemployment rate. lower inflation rates are consistently accompanied by higher unemployment rates. a tradeoff between inflation and unemployment may not always exist.

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-11-29T10:25:24+01:00

Events of the 1970s and early 1980s showed that cycles of unemployment and inflation rates appear to have gravitated around a 6 percent unemployment rate. Hence, option B is correct.

What happened in America in the 70s and 80s?

In the 1970s, the US experienced an economic depression. Both interest rates and inflation were high. There was a shortage of imported oil. As the 1970s gave way to the 1980s, Americans got tired of social unrest.

The Watergate incident, a significant political scandal that occurred in the US, was one of the most important events of the 1970s. The incident, which was made public after five burglars were caught at the Watergate office-apartment complex on June 17, 1972, led to President Richard Nixon's resignation.

Thus, option B is correct.

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