Multiple Choice
What does the Phillips curve show?
A) The output gap for an economy over a number of years.
B) The relationship between output and interest rates.
C) The relationship between unemployment and in?ation.
D) The growth rate of potential GDP over a period of time.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: If output gap in an economy declines
Q48: The short-run Philips curve shifts downwards when
Q49: Which of the following would cause an
Q50: Can an economy's potential output change over
Q51: Consider an economy which is in both
Q53: The _ believe that markets adjust instantly,
Q54: Aggregate demand is the sum of consumption,
Q55: Which of the following correctly explains the
Q56: When the aggregate demand in an economy
Q57: When the aggregate demand curve shifts to