_____ depicts a trade-off between unemployment and inflation.
A) The Phillips curve
B) Keynes's law
C) The multiplier
D) The Friedman curve

Name: _____ depicts a trade-off between unemployment and inflation. A) The Phillips curve B) Keynes's law C) The multiplier D) The Friedman curve
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The Phillips curve depicts a trade-off between unemployment and inflation. As unemployment decreases, inflation tends to increase and vice versa, illustrating the inverse relationship between the two variables.

_____ Depicts a Trade-Off Between Unemployment and Inflation