The Short-Run Phillips Curve Portrays A(n)

question 140

Multiple Choice

The short-run Phillips curve portrays a(n) :

• A)direct relationship between total employment and the inflation rate.
• B)inverse relationship between inflation and total employment.
• C)direct relationship between the unemployment rate and the inflation rate.
• D)inverse relationship between the unemployment rate and the inflation rate.
• E)inverse relationship between the price level and the unemployment rate.

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Definitions:

Vertices

Points where two or more lines, edges, or curves meet, often used to define the corners of geometric shapes or graphs.

Ellipse

An ellipse is a curve on a plane that surrounds two focal points such that the sum of the distances to the two focal points is constant for every point on the curve.

Center

The midpoint or central point of a geometric shape or object.

Vertices

The points where two or more edges meet in a geometric shape or graph.