According to the short-run Phillips curve,if unemployment is 3.2% and inflation is 1.3%,an increase in the inflation rate might result in which of the following?

Question

Quizplus · Accepted Answer

The short-run Phillips curve suggests an inverse relationship between inflation and unemployment. An increase in the inflation rate typically leads to a decrease in the unemployment rate.

According to the Short-Run Phillips Curve,if Unemployment Is 3