The short-run Phillips curve is _{--------------------}curve along which an increase in the unemployment rate is associated with _{--------------------}in the inflation rate. A)an upward sloping; an increase B)a downward sloping; no change C)a downward sloping; a decrease D)a horizontal; no change E)a vertical; no change

Question

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The short-run Phillips curve is downward sloping, indicating an inverse relationship between unemployment and inflation: as unemployment increases, inflation tends to decrease.

The Short-Run Phillips Curve Is --------------------curve Along Which an Increase

The Short-Run Phillips Curve Is _{--------------------}curve Along Which an Increase