-The curve in this graph is known as a(n):
A)Laffer curve
B)wage rate-inflation curve
C)aggregate demand curve
D)labour demand curve
E)Phillips curve

Question

-The curve in this graph is known as a(n):
A)Laffer curve 
B)wage rate-inflation curve 
C)aggregate demand curve 
D)labour demand curve 
E)Phillips curve

Quizplus · Accepted Answer

The Phillips curve represents the relationship between the rate of inflation and the unemployment rate, typically indicating that higher inflation is associated with lower unemployment and vice versa.

-The Curve in This Graph Is Known as A(n)