The Phillips curve suggests that a positive relationship exists between the rate of inﬂation and the rate of unemployment.

Name: The Phillips curve suggests that a positive relationship exists between the rate of inﬂation and the rate of unemployment.
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The Phillips curve suggests that there is an inverse relationship between the rate of inflation and the rate of unemployment, meaning that as inflation increases, unemployment tends to decrease, and vice versa.

The Phillips Curve Suggests That a Positive Relationship Exists Between