What Did Phillips Discover

question 113

Multiple Choice

What did Phillips discover?

• A) a positive relation between unemployment and inflation in the United Kingdom
• B) a positive relation between unemployment and inflation in Canada
• C) a negative relation between unemployment and inflation in Canada
• D) a negative relation between unemployment and inflation in the United Kingdom

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Definitions:

Interest Rate

This represents the percentage of the principal that lenders charge borrowers for the access to assets.

Investment

Allocation of resources, usually money, in the expectation of generating an income or profit.

Stop Contact

A Stop Contact is a type of electrical contact used in stop buttons or emergency stop circuits to halt machine operation for safety.