The Graphs Below Show the Simplified Phillips Curves in the United

question 25

Multiple Choice

The graphs below show the simplified Phillips curves in the United States, between 1960 and 2016. The data in Panel B for the period between 1970 and 2016 shows:

• A) there is a tradeoff between inflation and unemployment.
• B) inflation and unemployment are positively correlated.
• C) inflation and unemployment are negatively correlated.
• D) no apparent relationship between inflation and unemployment.

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Definitions:

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Orthostatic Hypotension

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Isometric Exercises

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