The Phillips Curve depicts that, in general:
A) high amounts of unemployment in an economy will coincide with low inflation.
B) low amounts of unemployment in an economy will coincide with low inflation.
C) high amounts of unemployment in an economy will coincide with high inflation.
D) high amounts of output in an economy will coincide with low inflation.

Question

Quizplus · Accepted Answer

The Phillips Curve illustrates an inverse relationship between unemployment and inflation, suggesting that high unemployment is typically associated with low inflation.

The Phillips Curve Depicts That, in General