The Phillips Curve Is an Empirical Relation Which States That

Multiple Choice

The Phillips curve is an empirical relation which states that:

A) when unemployment becomes high, this leads to downward pressure on bond prices.
B) when unemployment becomes high, this leads to upward pressure on inflation.
C) when unemployment becomes high, this leads to downward pressure on stock prices.
D) when unemployment becomes low, this leads to downward pressure on inflation.
E) when unemployment becomes low, this leads to upward pressure on inflation.