What Does the Phillips Curve Show

question 52

Multiple Choice

What does the Phillips curve show?

• A) The output gap for an economy over a number of years.
• B) The relationship between output and interest rates.
• C) The relationship between unemployment and in?ation.
• D) The growth rate of potential GDP over a period of time.

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Definitions:

Peter Drucker

A renowned management consultant, educator, and author, considered the father of modern management.

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Leadership that achieves desired results or outcomes through the successful implementation of strategies and motivating team members.

Fiedler's Contingency Theory

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