Question: A difficulty in using the Phillips curve as a policy menu is the a. fact that the natural rate of unemployment does not exist. b.

A difficulty in using the Phillips curve as a policy menu is the

a. fact that the natural rate of unemployment does not exist.

b. fact that the curve would not remain in one position.

c. difficulty deciding between monetary and fiscal policies.

d. fact that Democrats choose one point on the curve and Republicans choose another point.

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