In what period,did the negative relationship between unemployment and inflation discontinue?
A)1960s.
B)1970s.
C)2000s
D)2010s.

Question

Quizplus · Accepted Answer

The negative relationship between unemployment and inflation, also known as the Phillips curve, discontinued in the 1970s. This was due to the phenomenon of stagflation, where both unemployment and inflation rose at the same time, which contradicted the assumption of the Phillips curve.

In What Period,did the Negative Relationship Between Unemployment and Inflation