One Way in Which the Phillips Curve Is Misinterpreted Is

question 154

Multiple Choice

One way in which the Phillips curve is misinterpreted is to think of it as

• A)a model of economic activity that explains changes in unemployment and inflation by changes in aggregate demand.
• B)a statistical relationship between inflation and unemployment.
• C)depicting a number of alternative equilibrium points the economy could achieve.
• D)All of the above.

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Definitions:

Butterfly needle

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