Question: 2. A diffi culty in using the Phillips curve as a policy menu is a. that the natural rate of unemployment does not exist. b.

2. A diffi culty in using the Phillips curve as a policy menu is

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

b. that the curve does not remain in one position.

c. deciding between monetary and fi scal policies.

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

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