A graph showing the inverse relationship between the economy's rate of unemployment and rate of inflation is called the:

a-Phillips curve.
b-aggregate expenditure model.
c-Laffer curve.
d-consumption curve.
e-Keynesian cross.

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2 Jun 2021

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Related questions

The long-run Phillips curve is:

A. the same as the short-run Phillips curve.

B. negatively sloped, showing an inverse relationship between unemployment and inflation.

C. unrelated to the NAIRU.

D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).

byzantiummole828

Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemployment rate.

The Phillips curve exhibits:

A. The relationship between the actual and the natural rate of unemployment

B. The situation where cyclical unemployment becomes zero

C. The relationship between unemployment and the inflation rate

D. The direct relationship between unemployment and inflation rate