The short- run Phillips curve gives much the same information as
A)the AD curve.
B)the LAS curve.
C)the SAS curve.
D)None of the above.

Question

Quizplus · Accepted Answer

The short-run Phillips curve shows the relationship between inflation and unemployment, similar to how the Short-Run Aggregate Supply (SAS) curve shows the relationship between the price level and output. Both reflect short-term economic fluctuations.

The Short- Run Phillips Curve Gives Much the Same Information