The Phillips Curve Is the Relation Between Inflation and Unemployment

question 85

Multiple Choice

The Phillips curve is the relation between inflation and unemployment that holds for a given natural rate of unemployment and a

• A)given rate of inflation.
• B)given expected rate of inflation.
• C)given level of unemployment.
• D)given expected level of unemployment.

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Definitions:

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A German philosopher who is a central figure in modern philosophy, known for his works in epistemology, ethics, and aesthetics.