The relationship between the rate of inflation and the rate of unemployment in the Canadian economy can be depicted by a:
A) the unemployment curve.
B) Laffer curve.
C) liquidity-preference curve.
D) Phillips curve.

Question

Quizplus · Accepted Answer

The Phillips curve illustrates the inverse relationship between the rate of inflation and the rate of unemployment in an economy.

The Relationship Between the Rate of Inflation and the Rate