Between July 2008 and July 2009,the Phillips curve relationship appeared to fit the data well,as the unemployment rate ________ and the inflation rate ________.
A) rose from 5.8 percent to 9.5 percent; rose from -2.10 percent to 5.6 percent
B) rose from 5.8 percent to 9.5 percent; fell from 5.6 percent to -2.10 percent
C) fell from 9.5 percent to 5.8 percent; fell from 5.6 percent to -2.10 percent
D) fell from 9.5 percent to 5.8 percent; rose from -2.10 percent to 5.6 percent
Correct Answer:
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