The inverse trade-off between inflation and unemployment is known as the:
A)Laffer curve.
B)aggregate supply curve.
C)Phillips curve.
D)aggregate demand curve.
E)Keynesian curve.

Question

Quizplus · Accepted Answer

The Phillips curve illustrates the inverse relationship between inflation and unemployment, suggesting that as inflation rises, unemployment tends to fall, and vice versa.

The Inverse Trade-Off Between Inflation and Unemployment Is Known as The