Movements along the Phillips curve result in the: a. savings ...

[Jipu 123]

Movements along the Phillips curve result in the:
 a. savings rate varying inversely with the unemployment rate.
  b. inflation rate varying directly with the unemployment rate.
  c. inflation rate varying inversely with the unemployment rate.
  d. interest rate varying inversely with the unemployment rate.

Question 2

Inflation is an increase in:
 a. prices of all products in the economy.
  b. homes, autos and basic resources.
  c. the general price level of products.
  d. none of these.

[Anna]

Answer to Question 1

c

Answer to Question 2

c