Question

The Phillips curve states that inflation and unemployment have a/an relationship.

• A. Direct
• B. Inverse
• C. No

Answer 1

The correct option is B Inverse

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The Phillips curve is an economic concept developed by A. W. Phillips stating that inflation and unemployment have a stable and inverse relationship. The theory claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment.