The short-run relationship between inflation and unemployment is often called
A)the Classical Dichotomy.
B)Money Neutrality.
C)the Phillips curve.
D)the Aggregate Supply and Demand model.

Question

Quizplus · Accepted Answer

The Phillips curve represents the short-run relationship between inflation and unemployment, suggesting that lower unemployment comes with higher inflation and vice versa.

The Short-Run Relationship Between Inflation and Unemployment Is Often Called