The Phillips Curve Shows the Relationship Between

question 3

Multiple Choice

The Phillips curve shows the relationship between

• A) the rate of growth in real GDP and the unemployment rate.
• B) the inflation rate and the unemployment rate.
• C) aggregate demand and the unemployment rate.
• D) aggregate supply and the unemployment rate.

---

Definitions:

Congressional Budget Office

A nonpartisan federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

Economic Policy

Decisions made by governments concerning the economic goals of the nation and the methods of achieving those goals.

Y-Coordinate

The vertical position in a two-dimensional Cartesian coordinate system, representing the distance from the x-axis.

X-Coordinate

A numerical value that represents a specific point's horizontal position in a coordinate system.