A trade-off between unemployment and inflation is reflected in the

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The trade-off between unemployment and inflation is shown by the Phillips Curve. The curve represents the inverse relationship between the two variables- when unemployment is low, inflation tends to be high and vice versa. This relationship is influenced by various factors like aggregate demand, supply shocks, and inflation expectations. Therefore, the Phillips Curve is an essential tool for policymakers to understand the trade-off between unemployment and inflation and take necessary measures to maintain economic stability. The other options- A, C, and D- are related to this concept but do not specifically address the trade-off between unemployment and inflation.

A Trade-Off Between Unemployment and Inflation Is Reflected in the