Which of the following statements about the Humphrey-Hawkins Act of 1978 is not true?

a. It is based on neo-Keynesian ideas concerning inflation and employment.
b. Its central idea can be depicted in a Phillips curve.
c. It views 4 percent as an acceptable and reasonable unemployment rate target.
d. It views 7 percent as an acceptable and reasonable inflation rate target.
e. It is related to ideas associated with the natural rate of unemployment.


D

Economics

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