The negative correlation between inflation and unemployment is called the
A)fiscal policy curve.
B)monetary policy curve.
C)Phillips curve.
D)Greenspan curve.
E)economic fluctuations curve.

Question

Quizplus · Accepted Answer

The negative correlation between inflation and unemployment is called the Phillips curve. This curve shows the trade-off between inflation and unemployment. As unemployment decreases, inflation tends to increase and vice versa. This relationship is important for policymakers to consider when making decisions about monetary and fiscal policy.

The Negative Correlation Between Inflation and Unemployment Is Called the