Since the Great Recession of 2007-2009
A)the misery index has increased.
B)the misery index has remained stable.
C)the movement of the unemployment rate and inflation rate has been inconsistent with a stable Phillips Curve.
D)the movement of the unemployment rate and inflation rate has been consistent with a stable Phillips Curve.

Question

Quizplus · Accepted Answer

The relationship between unemployment and inflation, as described by the Phillips Curve, has been less predictable since the Great Recession, with periods of low unemployment not always leading to higher inflation, indicating an inconsistent movement.