The Phillips Curve shows the trade-off between:
A)unemployment and output.
B)inflation and output.
C)unemployment and inflation.
D)imports and exports.
E)unemployment and imports.

Question

Quizplus · Accepted Answer

The Phillips Curve illustrates the inverse relationship between unemployment and inflation, suggesting that as unemployment decreases, inflation tends to increase, and vice versa.

The Phillips Curve Shows the Trade-Off Between