The Original (1958)Phillips Curve Stated That

question 112

Multiple Choice

The original (1958) Phillips curve stated that

• A) unemployment and money wage rates move in the same direction.
• B) unemployment and money wage rates move in opposite directions.
• C) there is an inverse relationship between price inflation and
• Unemployment.
• D) there is a direct relationship between price inflation and unemployment.
• E) a and c

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