According to the Phillips curve,if:
A)the inflation rate is falling,the economy is booming.
B)the inflation rate is rising,the economy is in recession.
C)the inflation rate is rising,the economy is booming.
D)the unemployment rate is falling,the economy is booming.
E)None of the above is correct.

Question

Quizplus · Accepted Answer

The Phillips curve suggests an inverse relationship between inflation and unemployment, implying that when the inflation rate is rising, it often indicates a booming economy with lower unemployment.

According to the Phillips Curve,if