The Phillips curve shows a negative relationship between the:
A)consumption rate and the unemployment rate.
B)savings rate and the inflation rate.
C)interest rate and the savings rate.
D)inflation rate and the unemployment

Question

Quizplus · Accepted Answer

The Phillips curve illustrates an inverse relationship between the rate of inflation and the unemployment rate, suggesting that as inflation increases, unemployment tends to decrease, and vice versa.

The Phillips Curve Shows a Negative Relationship Between The