The Phillips Curve Reflects a

question 166

Multiple Choice

The Phillips curve reflects a

• A)positive correlation between the inflation rate and the unemployment rate.
• B)negative correlation between the inflation rate and the unemployment rate.
• C)positive correlation between the inflation rate and the exchange rate.
• D)negative correlation between the inflation rate and government spending.
• E)positive correlation between interest rates and the unemployment rate.

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Definitions:

Gram

A unit of measurement for mass that is exactly one thousandth part of a kilogram.

Basic Unit

The fundamental, smallest, or simplest quantity or component in a system or set of measurements often used as a standard of measurement.

Metric System

A measurement system that uses the meter for length, liter for volume, and gram for weight or mass, all based on decimal calculations.

Ml

Milliliter, a unit of volume in the metric system equal to one thousandth of a liter.