Looking at how the rate of inflation and unemployment have behaved over the last three decades we can see that
A)unemployment and inflation have always increased together
B)unemployment has always increased when inflation decreased
C)there is no simple relationship between unemployment and inflation
D)low unemployment always implies high inflation
E)high unemployment always implies high inflation

Question

Quizplus · Accepted Answer

The relationship between unemployment and inflation is not always straightforward and can be influenced by various factors such as economic policies, global events, and market conditions. The last three decades have seen different patterns, including periods of high unemployment and low inflation, high unemployment and high inflation, and low unemployment and moderate inflation. Therefore, there is no simple relationship between unemployment and inflation.

Looking at How the Rate of Inflation and Unemployment Have