The Phillips Curve depicts that,in general:
A)high amounts of unemployment in an economy will coincide with low inflation.
B)low amounts of unemployment in an economy will coincide with low inflation.
C)high amounts of unemployment in an economy will coincide with high inflation.
D)None of these statements is true.

Question

Quizplus · Accepted Answer

The Phillips Curve suggests an inverse relationship between unemployment and inflation, meaning high unemployment is typically associated with low inflation.

The Phillips Curve Depicts That,in General