-Refer to the above figure. Line ABCD is a(n)
A) aggregate demand curve.
B) Phillips curve.
C) discretionary-policy curve.
D) natural rate of unemployment curve.

Question

-Refer to the above figure. Line ABCD is a(n)
A) aggregate demand curve. 
B) Phillips curve. 
C) discretionary-policy curve. 
D) natural rate of unemployment curve.

Quizplus · Accepted Answer

The Phillips curve represents the relationship between the rate of inflation and the unemployment rate, typically showing that as unemployment falls, inflation rises, and vice versa.

-Refer to the Above Figure