According to the Phillips curve analysis, the way to solve inflation is to _____ unemployment or _____.

Question

Quizplus · Accepted Answer

The Phillips curve suggests a trade-off between inflation and unemployment, implying that reducing inflation often requires accepting higher unemployment. Increasing productivity can also help solve inflation by making the economy more efficient, thus reducing upward pressure on prices without necessarily increasing unemployment.

According to the Phillips Curve Analysis, the Way to Solve