Multiple Choice
The graphs below show the simplified Phillips curves in the United States, between 1960 and 2016. The data in Panel B for the period between 1970 and 2016 shows:
A) there is a tradeoff between inflation and unemployment.
B) inflation and unemployment are positively correlated.
C) inflation and unemployment are negatively correlated.
D) no apparent relationship between inflation and unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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