The Phillips Curve Describes the

question 3

Multiple Choice

The Phillips curve describes the

• A) negative relationship between the inflation rate and real aggregate economic activity.
• B) negative relationship between the inflation rate and the unemployment rate.
• C) negative relationship between the inflation rate and real wage rate.
• D) positive relationship between the inflation rate and real aggregate economic activity.
• E) positive relationship between the inflation rate and the unemployment rate.

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