A graph showing the inverse relationship between the economy's rate of unemployment and rate of inflation is called the:
A)Laffer curve.
B)aggregate expenditure model.
C)Keynesian cross.
D)Phillips curve.
E)consumption curve.

Question

Quizplus · Accepted Answer

The Phillips curve illustrates the inverse relationship between the rate of unemployment and the rate of inflation in an economy.

A Graph Showing the Inverse Relationship Between the Economy's Rate