A positive relationship between inflation and unemployment emerged in
A)1963-70.
B)1974-75.
C)1986-90.
D)All of the above

Question

Quizplus · Accepted Answer

The positive relationship between inflation and unemployment, also known as the Phillips Curve, was first noticed in the period of 1963-70. Therefore, choice A is the best answer. While inflation and unemployment may have had positive relationships in other periods as well, such as 1974-75 and 1986-90, these were not the first or most significant periods in which the relationship was observed.

A Positive Relationship Between Inflation and Unemployment Emerged in