-Refer to the Above Diagram for a Specific Economy

question 45

Multiple Choice

-Refer to the above diagram for a specific economy.Which of the following best describes the relationship shown by this curve?

• A) The demand for labor is large when the rate of inflation is small.
• B) When the rate of unemployment is high,the rate of inflation is high.
• C) The rate of inflation and the rate of unemployment are inversely related.
• D) The rate of inflation and the rate of unemployment are directly related.

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