The Phillips curve describes a ________.
A) negative relationship between wage growth and inflation
B) negative relationship between employment growth and inflation
C) positive relationship between wage growth and inflation
D) positive relationship between employment growth and inflation

Question

Quizplus · Accepted Answer

The Phillips curve traditionally describes a negative relationship between unemployment and inflation, implying a positive relationship between employment (the inverse of unemployment) and inflation.

The Phillips Curve Describes a ________