The graph below shows the relationship between the rate of inflation and the rate of unemployment. Inflation tends to be higher when the unemployment rate is lower. Which model is it?
A) the unemployment rate model
B) the Keynesian model
C) the simplified Phillips model
D) the classical model

Question

The graph below shows the relationship between the rate of inflation and the rate of unemployment. Inflation tends to be higher when the unemployment rate is lower. Which model is it? 
A) the unemployment rate model 
B) the Keynesian model 
C) the simplified Phillips model 
D) the classical model

Quizplus · Accepted Answer

The Answer is C

The Graph Below Shows the Relationship Between the Rate of Inflation