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Question

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

A
Direct
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B
Inverse
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C
No
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Solution

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.

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