The graph that shows the tradeoff between inflation and money wages is called the

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The Phillips curve shows the negative relationship between inflation and unemployment, indicating that as unemployment decreases, inflation increases (and vice versa). It is named after economist A.W. Phillips and is often used by policymakers to understand the tradeoff between inflation and unemployment. Money wages are typically included in this analysis as a proxy for labor market conditions. The misery index is a different concept that combines unemployment and inflation rates. The employment line and minimization curve are not relevant to this concept.

The Graph That Shows the Tradeoff Between Inflation and Money