Multiple Choice
What did A. W. Phillips' data trace based on roughly 100 years of evidence?
A) a positive relationship between the unemployment rate and the rate of change in nominal wages
B) an inverse relationship between the unemployment rate and the rate of change in nominal wages
C) a positive relationship between unemployment rate and inflation
D) an inverse relationship between unemployment rate and inflation
E) the relationship between the rate of unemployment and the growth rate
Correct Answer:
Verified
Correct Answer:
Verified
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