Multiple Choice
In his famous article published in an economics journal in 1958,a.W.Phillips
A) used data for the United States to show a negative relationship between the rate of change of the U.S.consumer price index and the U.S.unemployment rate.
B) used data for the United States to show a negative relationship between the rate of change of wages in the U.S.and the U.S.unemployment rate.
C) used data for the United Kingdom to show a negative relationship between the rate of change of the U.K.consumer price index and the U.K.unemployment rate.
D) used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K.and the U.K.unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
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