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Determine whether the following lines are parallel,perpendicular or neither.
0.21x - 0.35y + 8 = 0
x + 0.6y - 9 = 0
Short-run Phillips Curve
A representation in economics that shows an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.
Unemployment
The condition wherein people who are able and willing to work and are actively looking for work cannot secure a job.
Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheated economy by raising interest rates or increasing reserve requirements.
Inflation
The frequency at which the all-encompassing costs of goods and services heighten, eroding financial purchasing capability.
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