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What does the Phillips curve show the relationship between?
  • a)
    Inflation and unemployment
  • b)
    GDP and inflation
  • c)
    Interest rates and wages
  • d)
    Stock market and consumer spending
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does the Phillips curve show the relationship between?a)Inflation...
The Phillips curve depicts the relationship between inflation and unemployment, highlighting how changes in the level of unemployment can affect the rate of price inflation.
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What does the Phillips curve show the relationship between?a)Inflation and unemploymentb)GDP and inflationc)Interest rates and wagesd)Stock market and consumer spendingCorrect answer is option 'A'. Can you explain this answer?
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