The Phillips Curve Shows a ______ Relationship Between Inflation and Unemployment

question 72

Multiple Choice

The Phillips curve shows a ______ relationship between inflation and unemployment, and the short-run aggregate supply curve shows a ______ relationship between the price level and output.

• A) positive; positive
• B) positive; negative
• C) negative; negative
• D) negative; positive

---

Definitions:

Upper Control Limit

In statistical quality control, the highest value on a control chart that signals when a process is still in control without indicating concern.

Customer Complaints

Feedback or grievances expressed by customers concerning a company's products or services.

Service Department

A sector of a business or organization dedicated to providing maintenance, repair, and customer support services.

Electronics Company

A business entity that designs, manufactures, and sells electronic equipment, devices, and components.