The Original Phillips Curve Showed a _____ Relationship Between _____

question 251

Multiple Choice

The original Phillips curve showed a _____ relationship between _____ and unemployment rates.

• A) negative; price inflation
• B) negative; money wage rates
• C) positive; price inflation
• D) positive; money wage rates

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Definitions:

Treaties

Formal agreements between two or more sovereign states, outlining the terms of the agreement and governed by international law.

Statutory Law

The body of written laws enacted by the legislature.

International Law

The law that governs relations among nations. International customs and treaties are generally considered to be two of the most important sources of international law.

Controlling Authority

The legal principle or precedent that must be followed by a court within its jurisdiction.