The Short-Run Phillips Curve Portrays A(n)

question 140

Multiple Choice

The short-run Phillips curve portrays a(n) :

• A)direct relationship between total employment and the inflation rate.
• B)inverse relationship between inflation and total employment.
• C)direct relationship between the unemployment rate and the inflation rate.
• D)inverse relationship between the unemployment rate and the inflation rate.
• E)inverse relationship between the price level and the unemployment rate.

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Definitions:

Premise

An initial statement or proposition from which other statements are derived or reasoned out.

Conclusion

The end or final part of something, especially a period of time, an activity, or a story; in logic, it's the statement that logically follows from the premises.

Standard Form

A specific, organized way of presenting information or arguments, often used in mathematics, philosophy, and logic.

Proposition

A statement that expresses a judgement or opinion and can be either true or false.