The tradeoff between the inflation rate and unemployment rate is represented by the:
A)consumption function.
B)misery index.
C)Phillips curve.
D)Keynes curve.

Name: The tradeoff between the inflation rate and unemployment rate is represented by the: A)consumption function. B)misery index. C)Phillips curve. D)Keynes curve.
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Question

Quizplus · Accepted Answer

The Phillips curve represents the tradeoff between the inflation rate and the unemployment rate, showing an inverse relationship between the two.

The Tradeoff Between the Inflation Rate and Unemployment Rate Is