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Author Question: Which of the following about the Phillips curve is not correct? A) It shows the relation between ... (Read 49 times)

lilldybug07

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on: Jun 30, 2018
Which of the following about the Phillips curve is not correct?
 
  A) It shows the relation between GDP growth and unemployment.
  B) It has been redefined as a relation between the change in the rate of inflation and the unemployment rate.
  C) It was first explored by A. W. Phillips.
  D) The curve is downward sloping.

Question 2

The Phillips curve describes the relationship between
 
  A) output growth and unemployment.
  B) inflation and output growth.
  C) output growth and money supply.
  D) inflation and unemployment .


bfulkerson77

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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