An increase in unemployment is seen graphically as _____ the labor market Phillips curve.
A)a movement to the left along
B)a movement to the right along
C)a left shift of
D)a right shift of

Question

Quizplus · Accepted Answer

An increase in unemployment is seen graphically as a movement to the right along the labor market Phillips curve, which illustrates the inverse relationship between unemployment and inflation.

An Increase in Unemployment Is Seen Graphically as _____ the Labor