The short-run Phillips curve shows the ________ relationship between ________.
A) negative; unemployment and real GDP
B) positive; unemployment and real GDP
C) negative; inflation and unemployment
D) positive; real GDP and inflation

Question

Quizplus · Accepted Answer

The short-run Phillips curve illustrates a negative relationship between inflation and unemployment, suggesting that as inflation increases, unemployment tends to decrease, and vice versa.

The Short-Run Phillips Curve Shows the ________ Relationship Between ________

The Short-Run Phillips Curve Shows the Relationship Between