The Phillips curve suggests that if we want to raise the inflation rate, we must accept a higher unemployment rate in return.

Name: The Phillips curve suggests that if we want to raise the inflation rate, we must accept a higher unemployment rate in return.
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The Phillips curve suggests that there is a trade-off between inflation and unemployment, implying that lower unemployment comes with higher inflation, not the other way around.

The Phillips Curve Suggests That If We Want to Raise