Which of the following best explains the Phillips curve relationship?
A)Inflation increases at a faster rate as the economy moves toward full employment.
B)Unemployment falls as the economy moves toward full employment.
C)Inflation decreases as the economy moves closer to full employment.
D)As unemployment decreases,so does the rate of inflation.

Question

Quizplus · Accepted Answer

The Answer of Which of the following best explains the Phillips curve relationship?
A)Inflation increases at a faster rate as the economy moves toward full employment.
B)Unemployment falls as the economy moves toward full employment.
C)Inflation decreases as the economy moves closer to full employment.
D)As unemployment decreases,so does the rate of inflation.

Which of the Following Best Explains the Phillips Curve Relationship