With regards to the Phillips curve, the ___________________is measured on the horizontal axis and the ______________________is measured on the vertical axis.
A)unemployment, inflation
B)inflation, unemployment
C)rate of wage changes, unemployment
D)unemployment, rate of wage changes

Question

Quizplus · Accepted Answer

The Phillips curve illustrates the inverse relationship between unemployment (measured on the horizontal axis) and inflation (measured on the vertical axis).

With Regards to the Phillips Curve, the ___________________Is Measured on the Horizontal