A movement up the Phillips curve will cause
A)An increase in both unemployment and inflation.
B)A decrease in both unemployment and inflation.
C)A trade-off between unemployment and inflation.
D)An outcome known as stagflation.

Question

Quizplus · Accepted Answer

The Phillips curve illustrates the trade-off between unemployment and inflation, suggesting that lowering unemployment can lead to higher inflation and vice versa.

A Movement Up the Phillips Curve Will Cause